Assignment by Insolvent for the Benefit for All Creditors. | Midpage

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West Virginia Code

13

Assignment by Insolvent for the Benefit for All Creditors.

38-13-1Assignment by insolvent; form; acknowledgment; recordation; assent of trustee; transfer of stockholders' liability.38-13-2Oath and bond of trustee; requiring further security.38-13-3Reference to fiduciary commissioner; appraisers.38-13-4Trustee to file schedule; substitute trustee.38-13-5Notice by trustee to creditors; publication and mailing.38-13-6Filing and proof of claims.38-13-7Liens requiring or not requiring proof; waiver by lienor; delinquent taxes; sales of property subject to liens or taxes.38-13-8First meeting of creditors; substitute trustee.38-13-9Sales by trustee; creditors may prescribe manner and terms; powers of fiduciary commissioner; compromising claims; continuing operation of business.38-13-10Trustee's report to fiduciary commissioner; notice to creditors of filing and second meeting.38-13-11Report by fiduciary commissioner; appeal from decision; allowance of expenses and fees; directions to trustee; dividends; closing trusteeship.38-13-12Powers, duties and qualifications of trustee; substitute for unqualified, removed, deceased or disabled trustee.38-13-13Powers and duties of fiduciary commissioner.38-13-14Duties of assignor.38-13-15Fiduciary commissioner to certify to circuit court disobedience of order, etc.; punishment for contempt by court.38-13-16Expenses and fees of trustee, fiduciary commissioner, appraisers and attorneys for trustee.