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Current as of January 01, 2025 | Updated by Findlaw Staff
In any case where a petitioner for the benefit of the insolvent laws of this commonwealth heretofore has been or hereafter may be bound over or committed for trial by any court of this commonwealth, under the provisions of the 42d and 33d 1 sections of the act entitled “An act relating to insolvent debtors,” 2 or where any such person has been or shall be tried and convicted of any offense under the provisions of the said sections, or of fraudulent insolvency under any other law of this commonwealth, it shall be the duty of the court of the proper county, on the application of any creditor, to appoint a receiver of all the estate which belonged to such insolvent debtor; which said receiver shall be appointed and removed in the same manner, invested with like powers, perform like duties, subject to like control of the court, give like security in like form, and generally do and perform all the duties enjoined by law on the assignees of estates of insolvent debtors, and shall be force and virtue of such appointment become absolutely vested with all the estate, property and effects of such insolvents, as fully as assignees of insolvent debtors are by the laws of this commonwealth, and be able and capable in law to sue and be sued, in like manner, being in all cases styled and named receiver of such estate.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 39 P.S. Insolvency and Assignments § 322. Where insolvent is bound over or convicted, receiver to be appointed - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-39-ps-insolvency-and-assignments/pa-st-sect-39-322/
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