CHAPTER 80

INSOLVENCY - RELATING TO FILING OF ACCOUNTS BY ASSIGNEES OR TRUSTEES

AN ACT TO AMEND CHAPTER 143, REVISED CODE OF DELAWARE, 1935, ENTITLED "INSOLVENCY" IN REFERENCE TO FILING OF ACCOUNTS BY ASSIGNEES OR TRUSTEES IN VOLUNTARY ASSIGNMENTS FOR BENEFIT OF CREDITORS.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. That Chapter 143, Revised Code of Delaware, 1935, be and the same is hereby amended by striking out and repealing the last sentence of 5113. Sec. 44. and substituting and enacting in lieu thereof a new sentence to read as follows:

Upon the filing of any such account, notice thereof shall be given to all persons in interest as directed by an appropriate order of the Chancellor or Vice-Chancellor. Such order and notice shall set forth the time within which any person in interest may take and file with the Register in Chancery, in and for the proper county, exceptions to the account in question. The time within which exceptions to any such account may be filed by any person in interest shall be determined by the Chancellor or Vice-Chancellor in the exercise of his discretion, and may be extended from time to time for good cause shown. Any exception or exceptions so filed in respect of any such account shall be heard, determined and the particular account adjusted before the Chancellor or Vice-Chancellor, either in term or vacation, as he may order or direct.

Approved May 11, 1951.