HARRY HUGHES, Governor

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(3)  "COMMENCEMENT OF THE CASE" MEANS COMMENCEMENT OF
THE ASSIGNMENT FOR THE BENEFIT OF CREDITORS PROCEEDING OR
RECEIVERSHIP PROCEEDING;

(4)  "THE COURT" MEANS THE COURT IN WHICH THE
ASSIGNMENT FOR THE BENEFIT OF CREDITORS PROCEEDING OR
RECEIVERSHIP PROCEEDING IS FILED;

(5)  "DATE OF THE FILING OF THE PETITION" MEANS THE
DATE OF THE COMMENCEMENT OF THE ASSIGNMENT FOR THE BENEFIT OF
CREDITORS PROCEEDING OR RECEIVERSHIP PROCEEDING;

(6)  "DEBTOR" MEANS THE INSOLVENT AS THAT TERM IS
DEFINED IN SUBSECTION (B) OF THIS SECTION;

(7) (I) "THE ESTATE" MEANS THE ESTATE THAT IS CREATED
WHEN AN ASSIGNEE FOR THE BENEFIT OF CREDITORS OR A RECEIVER OF
THE ASSETS OF AN INSOLVENT IS APPOINTED;

(II) "THE ESTATE" INCLUDES ALL PROPERTY,
ASSETS, INTERESTS, AND RIGHTS WITH RESPECT TO WHICH THE ASSIGNEE
OR RECEIVER IS ACTING AS A FIDUCIARY;

(8)  "ORDER FOR RELIEF" MEANS THE ORDER APPOINTING THE
ASSIGNEE FOR THE BENEFIT OF CREDITORS OR THE RECEIVER OF THE
ASSETS OF AN INSOLVENT;

(9)  "PETITION" MEANS THE PLEADING FILED TO COMMENCE
THE ASSIGNMENT FOR THE BENEFIT OF CREDITORS PROCEEDING OR
RECEIVERSHIP PROCEEDING;

(10)  "TRUSTEE" MEANS THE ASSIGNEE FOR THE BENEFIT OF
CREDITORS OR RECEIVER OF THE ASSETS OF AN INSOLVENT; AND

(11)  OTHER WORDS, INCLUDING "INSOLVENT" AND
"INSIDER", WHEN USED IN FEDERAL BANKRUPTCY LAW SHALL HAVE THE
MEANINGS SET FORTH IN THE DEFINITION SECTION OF THE FEDERAL
BANKRUPTCY LAW OR AS INTERPRETED BY THE FEDERAL COURTS APPLYING
FEDERAL BANKRUPTCY LAW.

(B) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(2)  "INSOLVENT" MEANS THE ASSIGNOR IN AN ASSIGNMENT
FOR THE BENEFIT OF CREDITORS PROCEEDING OR THE INSOLVENT WITH
RESPECT TO WHOSE AFFAIRS A RECEIVER HAS BEEN APPOINTED.

(3)  "JUDICIAL LIEN" MEANS A LIEN OBTAINED BY
JUDGMENT, LEVY, SEQUESTRATION, OR OTHER LEGAL OR EQUITABLE
PROCESS OR PROCEEDING.

[(a)] (C) Any assignee for the benefit of creditors or
receiver of the assets of an insolvent shall be vested with full
title to all the property and assets of the insolvent and with