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§ 79. Purchase by assignee or receiver; employment of manager or attorney

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 39 P.S. Insolvency and Assignments

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 39 P.S. Insolvency and Assignments (Refs & Annos)
Chapter 1. Assignments and Insolvency Proceedings
Act of 1901 and Later Acts
Powers and Duties of Assignee or Receiver
39 P.S. § 79
§ 79. Purchase by assignee or receiver; employment of manager or attorney
No assignee or receiver shall purchase, directly or indirectly, any part of the assets of such insolvent except by leave of court, after notice to all the known creditors; nor shall he employ any person as manager or attorney who is related to the assignor, or has any interest, individually or as attorney, for any particular creditor, or in opposition to an equal distribution of the whole of the assignor's estate among all his creditors.

Credits

1901, June 4, P.L. 404, § 20.
39 P.S. § 79, PA ST 39 P.S. § 79
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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