{"data":{"id":"us-de/10-del.-c.-7321a","jurisdiction":"us-de","citation":"10 Del. C. § 7321A","heading":"Court action; rebuttable presumption of notice.","body":"(a) (1) Within 14 days of entry into an assignment agreement, the assignee shall file a petition with the Court of Chancery.\n(2) The Court of Chancery may hear and resolve a matter involving the administration of an assignment or the exercise of an assignee’s powers and duties, including a request for instructions or approval or to declare rights and to discharge the assignee.\n(b) Without limiting the rights of the assignee or a creditor or other interested person to request the Court of Chancery to hear or resolve a matter under subsection (a) of this section, on request of the assignee, the Court may issue an order relating to the administration of the assignment or the exercise of the assignee’s powers and duties, including an order for disposition of an asset, auction or sale procedures in connection with a contemplated asset disposition, or the incurrence of an obligation or a debt.\n(c) Acceptance of the assignment by the assignee constitutes the assignee’s consent to the jurisdiction of the Court of Chancery.\n(d) The Court of Chancery may adopt rules to administer or implement this chapter.\n(e) For any provision of this chapter, or Court of Chancery rule relating to this chapter, requiring notice, if the notice is provided in compliance with the Rules of the Court of Chancery, there is a rebuttable presumption that the notice was received.","path":["Title 10. Courts and Judicial Procedure","Special Proceedings","CHAPTER 73A. Uniform Assignment for Benefit of Creditors Act"],"source_url":"https://delcode.delaware.gov/title10/c073a/index.html#7321A","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:13Z","sha256":"5023f6b0fcdbc32761dcda79843c46572b44813bf1ca09f08ca061a9d5270dba","source_id":"us-de","stale":true,"prev":"us-de/10-del.-c.-7320a","next":"us-de/10-del.-c.-7322a"},"notice":"GroundRules: Original legal text. Not legal advice."}