In re Stone

Decided December 15, 1852

Court of Appeals of Maryland · decided 1852-12-15

<p>By the 5th sec. of the act of 1831, ch. 315, the orphans court may direct a guardian to invest the money of his ward in stock yielding six per cent, on the face of the bonds, though the same may he selling for so much above par as not to nett six per cent, per annum on the amount invested.</p>

Decided 1852-12-15

Le Grand, C. J.,

¶1delivered the opinion of the court!

¶2We concur with the orphans court in the direction which *294they gave in this case. Whatever doubts there might be in regard to the construction of the fifth section of the act of 1816, chapter 154, there can be none as to the meaning of the fifth section of the act of 1831, chapter 315, which we regard as fully authorising the passage of the order appealed from.

¶3 Order affirmed.