Rhode Island § 10-4-1 § 10-4-1. Residence of assignee — Bond.

Rhode Island Statutes

§ 10-4-1 — § 10-4-1. Residence of assignee — Bond.

Rhode Island·Title 10 Courts and civil procedure–Procedure in particular actions·Ch. 10-4 Assignment for Benefit of Creditors

§ 10-4-1. Residence of assignee — Bond.
Every assignee at common law for the benefit of creditors shall be a resident of the
            state and shall give bond to the clerk of the superior court, with some surety company
            authorized to do business in this state, as surety, in the amount of one thousand
            dollars ($1,000), conditioned on the faithful performance of his or her duties. All
            such bonds shall be filed in the office of the clerk of the superior court and may
            be sued upon in the proper court at the relation of any party interested or aggrieved,
            upon surety for costs being given to the court in which the suit is brought. Joint
            assignees may 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 10-4-1. Residence of assignee — Bond.

Every assignee at common law for the benefit of creditors shall be a resident of the state and shall give bond to the clerk of the superior court, with some surety company authorized to do business in this state, as surety, in the amount of one thousand dollars ($1,000), conditioned on the faithful performance of his or her duties. All such bonds shall be filed in the office of the clerk of the superior court and may be sued upon in the proper court at the relation of any party interested or aggrieved, upon surety for costs being given to the court in which the suit is brought. Joint assignees may give joint or several bonds.

Rhode Island § 10-4-1 (§ 10-4-1. Residence of assignee — Bond.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1902, ch. 984, § 1; C.P.A. 1905, § 1212; G.L. 1909, ch. 338, § 1; G.L. 1923, ch. 389, § 1; P.L. 1936, ch. 2390, § 1; G.L. 1938, ch. 585, § 1; G.L. 1956, § 10-4-1.