INSOLVENCY - BOND OF ASSIGNEES
AN ACT TO AMEND CHAPTER 143 OF THE REVISED CODE OF DELAWARE, 1935, ENTITLED "INSOLVENCY," IN REFERENCE TO THE AMOUNT OF AND APPROVAL OF THE BOND OF ASSIGNEE OR ASSIGNEES IN VOLUNTARY ASSIGNMENT FOR BENEFIT OF CREDIT.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Chapter 143 of the Revised Code of Delaware, 1935, be and the same is hereby amended by striking out and repealing the first sentence of 5111. Sec. 42. and substituting and enacting in lieu thereof a new sentence to read as follows:
The assignee or assignees, aforesaid, shall, as soon as such inventory and appraisement shall have been filed, give bond or bonds with sufficient surety or sureties, to be approved by the Chancellor or Vice-Chancellor in an amount fixed by the Chancellor or Vice-Chancellor, being not less than the total amount of inventory and appraisement of the estate so assigned.
Approved May 11, 1951.