Report of the Commissioners of Statutory Revision for the Year 1891; Transmitted to the Legislature January 12, 1892 Volume 1

Report of the Commissioners of Statutory Revision for the Year 1891; Transmitted to the Legislature January 12, 1892 Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: ... I Id., page 1547. In Receivers Law. Honey so collected to be divz'ded.--- 145. The money so collected, after deducting all expenses of proceedings, shall be without delay divided, distributed and paid over to the creditors of such corporation or association, in the same manner as hereinbefore provided, in relation to the first dividend, by the said receiver.. Id., page 1547. In Receivers Law. Expenses to be allowed.-- 146. The justice to whom any report by a receiver, or by a referee, shall be made as herein provided shall ascertain and allow the necessary expenses attending the execution of their duties, including the hire of such and so many clerks and such professional assistance as may appear to have been useful to expedite the business committed to them, and shall allow to them such reasonable compensation for their services, not exceeding the rate of five dollars for each day actually employed, as he shall deem proper, which allowances and expenses shall be deducted and defrayed out of the cash in the hands of the receiver before making dividends thereof. Id., page 1547. In Receivers Law..Distrtbuti0n not to be delayed beyond one year; provision as to pending suits.-- 147. Neither the dividends herein directed to be made, nor the apportionments of the debts of such corporation or association among the stockholders thereof, shall be delayed or suspended by reason of the pendency of any litigation or controversy, for the recovery of any demand by or against such corporation or association, unless the same shall be expressly directed by a justice of the supreme court, residing in the district where the business of such corporation or association was conducted; and such delay shall in no case exceed one year; and if, ...show more

Product details

  • Paperback | 360 pages
  • 189 x 246 x 19mm | 644g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236831969
  • 9781236831965