South Carolina § 27-25-70 Procedure when assignees neglect or refuse to call creditors together.

South Carolina Statutes

§ 27-25-70 — Procedure when assignees neglect or refuse to call creditors together.

South Carolina·Title 27 PROPERTY AND CONVEYANCES·Ch. 25 ASSIGNMENTS FOR THE BENEFIT OF CREDITORS

If the assignee or assignees delay, neglect or refuse to assemble the creditors within the time herein prescribed and limited, the creditors may meet and appoint their agent or agents; and the agent or agents, on application to and by order of the judge of the court of common pleas, shall take into their hands and possession all the property assigned and of which the assignee would by law be entitled to the possession and shall sell and dispose of it agreeably to the deed of assignment.

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If the assignee or assignees delay, neglect or refuse to assemble the creditors within the time herein prescribed and limited, the creditors may meet and appoint their agent or agents; and the agent or agents, on application to and by order of the judge of the court of common pleas, shall take into their hands and possession all the property assigned and of which the assignee would by law be entitled to the possession and shall sell and dispose of it agreeably to the deed of assignment.

South Carolina § 27-25-70 (Procedure when assignees neglect or refuse to call creditors together.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 57-357; 1952 Code SECTION 57-357; 1942 Code SECTION 9099; 1932 Code SECTION 9099; Civ. C. '22 SECTION 5504; Civ. C. '12 SECTION 3725; Civ. C. '02 SECTION 2640; G. S. 2007; R. S. 2139; 1828 (6) 365.