31-2-223: Duties of assignee.
Where this section sits in the code
- TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS
- CHAPTER 2. DEBTOR AND CREDITOR RELATIONSHIPS
- Part 2. Assignments for Benefit of Creditors
It shall be the duty of the assignee to:
(1) collect and reduce to money the property of the estate and close up the estate as expeditiously as possible;
(2) sell the property of the estate as soon as practicable and sell the accounts and bills receivable when deemed advisable;
(3) furnish such information concerning the estate as may be requested by parties in interest;
(4) keep regular accounts and pay dividends as often as is compatible with the best interests of the estate;
(5) file a final report and account at least 10 days before the hearing thereon.
Collected 2026-09-14T04:51:45Z. Source file · JSON