39 Pa. Stat. § 202

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 202 - Proceedings in case of assignee's insolvency or mismanagement

When an assignee or assignees under either a voluntary or compulsory assignment heretofore made or executed, or hereafter to be made or executed, are made to appear on oath or affirmation to the court of common pleas of the proper county to be in failing or insolvent circumstances, or are about to remove or are wasting or mismanaging the estate committed to their care, or are neglecting to perform the duties of the trust thus reposed in them, the said court shall issue a citation returnable before them at such time as to them may appear proper and just, not exceeding twenty days, and at the return thereof or at such other time as the said court may think the necessity of the case may require to hear the same, and either to dismiss the complaint or direct security or surety to be given by the said assignee or assignees for the faithful performance of the trust, or to dismiss all or any of the said assignees and appoint another or others in his or their stead, and to order and direct all books, papers, monies or estate which appear to be in the hands of such dismissed assignee or assignees, to be delivered and assigned over to such other person or persons as the court may appoint, and shall have power to carry into effect their decrees or orders by attachment against the body or bodies, or sequestration of the lands or goods of such delinquent or delinquents.

39 P.S. § 202

1818, March 24, P.L. 285, 7 Sm.L. 131, § 4.