§ 28-1-9-9 — Notice to creditors

Indiana § 28-1-9-9

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 9: Voluntary Dissolution of Banks, Trust Companies, and

Text

Upon the filing of such petition, the agent may,
by mail, notify each creditor and/or shareholder whose name appears
in the petition of the amount for which his claim was recommended for
allowance, without priority, and shall, in such notice, specify the date
that shall have been fixed by the court, not less than sixty (60) days
from the date of such notice, within which all creditors and/or
shareholders who may be dissatisfied with the recommendations of the
agent as to the allowance or disallowance of claims may appear in
court, and, by petition, assert their claims or any priorities thereon. At
the same time the agent shall also give notice by publication, once each
week, for three (3) successive weeks, in some newspaper of general
circulation, printed or circulated in the county where the liquidation
proceedings are pending that the petition and the recommendations as
to the allowance or disallowance of claims has been filed with the court
and specifying the date that shall have been fixed by the court, not less
than sixty (60) days from the date of such notice, within which any
creditors, shareholders or other persons interested, may appear, and, by
petition filed in the court, assert any claims or priorities thereon or
object to the allowances or disallowances recommended by such agent.
Formerly: Acts 1933, c.40, s.150.