The court shall require a trustee, whether named in the assignment or appointed by the court, in pursuance of this chapter, to give notice as the court may think proper to all the creditors of the assignor to produce and prove their respective claims against the assignor before the auditor of the court, to the end that they may be fairly adjudicated and the creditors may share equally the assets of the insolvent assignor, subject, however, to any legal priorities created by valid incumbrances antedating the assignment.
(Aug. 30, 1964, 78 Stat. 669, Pub. L. 88-509, § 1.)
1981 Ed., § 28-2110.
1973 Ed., § 28-2110.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Chapter 21 - Assignment for Benefit of Creditors
§ 28–2102. Extent of assignment — Assets exempt
§ 28–2105. Nonperformance by assignee — Trustee
§ 28–2107. Preferences prohibited
§ 28–2108. Proceedings for benefit of all creditors