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§ 92. Triplicate releases

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. § 92
§ 92. Triplicate releases
At the time of receiving his dividend in case of a voluntary assignment, each creditor shall sign triplicate releases in the following form:
The undersigned creditors of E.F., an insolvent, for and in consideration of the sums of money set opposite our respective names, and received by us from A.B., assignee of the estate of E.F., an insolvent, do hereby release the said E.F. from any and every debt, demand and liability which we had or may have had against him, at the date of his assignment, on the day of , Anno Domini eighteen1 hundred and , whether due or not; and hereby agree that no suit, action or execution shall be maintained for or by reason of such debt, demand, or liability, reserving, however, to ourselves the right to avoid this release, upon showing any of the matters or things which, under the insolvent laws, shall entitle us to retain our respective claims against said insolvent, notwithstanding our participation in the settlement of his estate.
Witness our hands, the dates set opposite our respective names.

Credits

1901, June 4, P.L. 404, § 30.

Footnotes

The word “eighteen” should probably by “nineteen.”
39 P.S. § 92, PA ST 39 P.S. § 92
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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