The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1912-05-25
SALES AND NOTICES.
CHAPTER 4st.

N>AN hOA W ouu CcIthlu Lew bocLiOu3tk
to Article SO Of the Code of Publi$
General Laws, title Sales and ..SSE.
tices": said sections to follow Inn
mediately after section 81 Of said
article. and to be designated az
sections 50. 80. 100 and l01.
Section /. Be 1t enacted by the
General Assembly of Maryland That
certain new sections be. and the
same are hereby added to Article SO
OF the Code of Public General Laws.
title Sales and Notices.; said sec
tions to follow section 81. of said
article. and to be designated as sec
tions SO. 50 100 and 101 and to read
as follows:
98. 1t shall be the duty of ever
person who shall bargain for or pr
chase any stock Of goods. warespr
merchandise In bulk for cash or
credit within this State to depnd
and receive from the vendor thfsH
and II the vendor be a cord y.
then from q managing ofjasS. r..
thereof, at least five days befd
contamination Of such bari
purchase. and at least five "a
fore paying or delivering to the zsg
dor any part of the purchase price or
consideration thereof. or any promis,
ory note or other evidence of 1ndebt-
edness therefor, written statement,
under oath, containing the names and
addresses of all the creditors of said
vendor. together with the amos =
indebtedness due or owing, by 81
vendor to each of such. creditors, az
If there be no such creditors. a writ
ten statement under oath to that eff
feet and 1t shall be the duty ofzEs&
vendor to furnish such staten {EFsE
least five days beore any sal
transfer by him Of any stock of
wares or merchandise, in bulk.
80. That after having rec =
from the vendor the written state
ment under oath mentioned in section
SO, the vendor shall at least five days
before the contamination OF such
bargain or purchase and at least five
days before paying or delivering to
the vendor any part of the purhase
price consideration thereof. or any
promisory note. or other evidence of
indebtedness for the same in good
faith. notify or cause to be notified
personally, or by registered letter.
each of the creditors of the vendor
named in the statement of the PROPOSE
ed purchase by him of such stock,
of goods. wares or merchandise; q
whenever any person shall purchase
any stock of goods, wares or mer-
chandise in bulk. or shall pay the pur-
chase price, or any part thereof or
execute or deliver to the vend"-
thereof, or to his order. or to any
person for his use, any promissory
note or other evidence of indebted
ness for said stock. or any part there
of. without having first demanded and
received from his vendor the state
ment under oath as provided in sec
ton SO, and without having notified
or caused to be notified all of the
creditors of the vendor named in such
statement as In the section present
ed, such purchase, sale or transfer
shall. to any and to all subsisting
creditors of the vendor, be void.
100. That any sale or transfer of q
stock of goods. wares or merchandise
out of the usual or ordinary course
of the business In the trade Of the
vendor, or whenever thereby substan-
TALLY the entire business trade there
tofore conducted by the vendor shall
be sold or conveyed, or attempted to
be sold or conveyed, to one or more
persons, shall be deemed sale or
transfer in bulk. in contemplation OF
this law.
1N1. That nothing contained liz
the aforegoing sections shall apply to
sales made by executors. admins
traitors. receivers or any public ON.
Ger conducting a sale in his official
capacity, nor to any deed OF trust
executed for the benefit of the credt.
tors.
Sec. 2. And be 1t enacted. That this
act shall take effect from the date
of its passage.
, Approved April 8. 1919.