Rules of the Circuit and District Courts of the United States, for the Districts of Michigan; In Cases at Law, in Equity, Admiralty, and Bankruptcy. Adopted August 2D, 1871

Rules of the Circuit and District Courts of the United States, for the Districts of Michigan; In Cases at Law, in Equity, Admiralty, and Bankruptcy. Adopted August 2D, 1871

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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. 1871 edition. Excerpt: ...But he may sell such, and all other doubtful claims to personal property, at public auction, giving at least ten days notice of the time and place of such sale. 9. DUTIES OF RECEIVERS. Where several bills are filed by different creditors against the same debtor, no more than one receiver of his property and effects shall be appointed, unless the first appointment has been obtained by fraud or collusion, or unless the re ceiver is an improper person to execute the trust. The receiver shall give security suffcient to cover the whole property and efiects of the debtor which may come in his hands by virtue of his office; and he shall hold such property ancl effects for the benefit of all creditors who have commenced, or shall commence, similar suits during the continuance of his trust, to be disposed of according to their legal or equitable priorities. He shall not pay over the funds in his hands to the parties, or to any other person, without being specially authorized to do so by an order or decree by the Court; nor shall he be discharged from his trust without a special order, to be obtained upon a written consent by all the parties interested in the property in his hands, or upon due notice of the application. 10. INJUNGTION UPON cREDI'1'9Rs' BILLS. No injunction issued upon any such creditor's bill shall be construed to prevent the debtor from receiving and applying the proceeds of his subsequent earnings to the support of himself or of his family, or to defray the expenses of the suit, or to prevent him from complying with any order of this Court, made in any other cause, to assign and deliver his property and efiects to a receiver; or to restrain him from making the necessary assignment to obtain his discharge under the insolvent...show more

Product details

  • Paperback | 34 pages
  • 189 x 246 x 2mm | 82g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236906179
  • 9781236906175