Page:United States Statutes at Large Volume 14.djvu/866

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Bankruptcy, (continued.) claims of corporations, how verified..... 527 if proof is satisfactory to register, &c. to be signed and sent to assignee.. duty of assignee as to such claims and proof.... 527 ....527, 528 528 528 to make entry in his books. books to be open to all... 528 bankrupt may be examined upon oath... 528 any person may be summoned to give evi- dence concerning claims...... if claims are presented for proof before election of assignee, and the judge doubts the validity of claim, proof may be postponed... persons accepting preferences hereafter not to prove debt or receive dividend, until everything received in preference is given up. list of debts proved to be made. creditors may act by attorney.. 528 528 528 528 proceedings on appeals from decree of district court disallowing claims...... 528 final judgment of circuit court to be con- clusive.... costs of appeal... evidences of debts left in court may be de- livered, to whom and how.... PROPERTY PERISHABLE AND IN DISPUTE. proceedings in regard to perishable prop- erty.... 528 528 528 528 where the title is in dispute.....528, 529 EXAMINATION OF BANKRUPTS. bankrupt may be examined upon oath.. 529 examination, how conducted. witnesses compelled to attend... proceedings if bankrupt is imprisoned, or disabled from attendance.. bankrupt to be subject to the order of the court. to do all acts, &c... if bankrupt is without the district and unable to return, &c. and such absence, &c. be not wilful, he may afterward at- tend, as though not in default........ bankrupt may correct schedule of cred- itors and of property... not liable to arrest in civil action during pendency of proceedings in bankrupt- cy, unless, &c.... wife of bankrupt may be required to attend court and be examined as a witness.... if she does not attend as ordered, he not to receive his discharge, unless, &c... DISTRIBUTION OF THE BANKRUPT'S Estate. all creditors entitled to share in the estate pro rata, except, &c..... certain wages due to operatives, clerks, and house servants to have priority 529 529 529 529 529 529 529 529 529 529 529 529, 530 bail, sureties, &c. not to receive their share until proof of payment of their liability .. such share may be paid into court to await, &c. . after three months assignee to make re- port and exhibit accounts, &c. to gen- eral meeting of creditors...... 530 530 530

accounts of assignee to be verified by oath 530 schedule of creditors and property to be exhibited..... reason to be given for not collecting any property outstanding... creditors at such meeting to decide as to division of, and of what part of, net proceeds of estate. ... 530 530 530 majority in value present to decide.. 530 sum sufficient for undetermined claims, expenses, and contingen- cies, to be reserved.... unless one half of creditors in value shall attend in person or by attor- ney, assignee to determine upon divi- dend.. if dividend is ordered, register to prepare a dividend sheet.. to forward by mail statement of his dividend to each creditor... dividend to be paid as court directs.... like proceedings to be had after next three months or earlier. . . . . 530 530 530 530 530 530 530 other dividends to be made from time to time if necessary.. 530 final dividend to be then declared un- less, &c..... after third meeting of creditors, no further meeting to be called, unless ordered by court... claims and debts that cannot be collected without unreasonable delay, may be sold by assignee under direction of the court... dividends declared, not to be disturbed by debts subsequently proved... creditors entitled to equal dividends on such debts, and to payment thereof before other payments are made to other creditors.. preparatory to final dividend, assignee to submit accounts, and notify credi- tors... court to audit and pass accounts. to discharge assignee from further li- ability, if found correct. to order dividend...... allowance to assignee for services. commissions... 530 530 530 530 .530, 531 531 531 531 531 531 if assignee has not funds sufficient to de- fray expenses, he shall not be obliged to proceed final dividend then to be made. 531 531 in order for dividends, certain claims to 531 have priority.... fees, costs, and expenses of suits and proceedings and for custody of property. 531 debts due the United States, taxes and assessments.... 531 debts due the State and taxes and assessments.... 531 wages due to certain persons to a cer- tain amount for labor performed within a certain time... 531 ... 531 debts due to persons entitled to pri- ority by law.... assessment or collection of taxes by the United States or any State, not affected hereby.. when either second or third meeting is not called in due time, court may order such meetings... 531 531