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Session Laws, 1886 Session
Volume 425, Page 529   View pdf image (33K)
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HENRY LLOYD, ESQUIRE, GOVERNOR.

order to hear and determine the question
of fact between the parties; provided, that
the said petition shall be filed more than
thirty days prior to the beginning of a new
term of said Court, and pending the deter-
mination of the application for such adjudica-
tion, and pending any question of the validity
of any preference by mortgage, judgment or
otherwise, and of any gifts, sale, assignment,
conveyance, or transfer or removal of all or

529

any part of the property of the debtor with
intent to hinder, delay or defraud his creditors,
or to give an unlawful preference to any credi-
tor, endorser or surety, the Court, or any Judge
thereof, shall, on the application of the peti-
tioner, issue an order in the nature of an in-
junction, to restrain the debtor and the mort-
gagee, judgment creditor, donee, vendee, as-
signee, grantee, or other person having the
•custody or claiming the title to any property
or estate of the debtor, from selling, dispos-
ing of, or in any way interfering with said
property or estate, until the question of ad-
judication shall have been determined, and
may issue such other orders upon such terms
and conditions as the Court may deem neces-
sary for the preservation and safe-keeping of
the property in controversy, and the Court
shall possess the power to allow any amend-
ments necessary to prevent the rights of the
matter; if the allegations of the petitioner
shall not be sustained, the respondent shall
recover a judgment for costs against the peti-
tioner; and if the allegations be sustained
and are sufficient to warrant the same, an ad-
judication shall be made by the Court that the
debtor is insolvent, and therefore, and by vir-
tue of the adjudication, his right and power to
dispose of any part of his estate and prop-
erty shall cease, and when the Court shall
have appointed a preliminary trustee, all such

Injunction.

estate and property shall, as soon as the bond
of such trustee shall have been approved, be
divested out of the insolvent and be vested in
the trustee; and thereafter the same pro-
34

Trustee.



 
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Session Laws, 1886 Session
Volume 425, Page 529   View pdf image (33K)
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