ยง 6. Bond of assignee. The assignee named in any such assignment
shall, within thirty days after the date thereof, and before he shall
have any power or authority to sell, dispose of or convert to the
purposes of the trust any of the assigned property, enter into a bond to
the people of the state of New York, in an amount to be ordered and
directed by the judge, with sufficient sureties to be approved of by
such judge, and conditioned for the faithful discharge of the duties of
such assignee, and for the due accounting for all moneys received by
him, which bond shall be filed in the clerk's office of the county where
such assignment is recorded, but in case the debtor shall fail to
present such inventory within the twenty days required, then the
assignee, before ten days thereafter shall have elapsed, may apply to
said judge by verified petition for leave to file a provisional bond,
until such time as he may be able to present the schedule or inventory
as hereinbefore provided.
Structure New York Laws
Article 2 - General Assignments for the Benefit of Creditors
2 - Jurisdiction of Proceedings.
3 - Requisites of General Assignment.
5 - Notice to Creditors to Present Claims.
10 - Action on Bond; Application of Recovery.
11 - Proceedings in Case of Death of Assignee.
12 - Notices to Parties Interested in the Estate as Creditors or Otherwise.
13 - Debts Which May Be Proved Against the Estate.
16 - Examination of Witnesses.
18 - Effect of Orders; Power of Judge and Duties of Clerk.
19 - Sale and Compromise of Claims and Property.
21 - Trial, Costs and Commissions.
21-A - Company Pension Plans; Deductions From Wages Trust Moneys; Preference.
22 - Wages and Commissions and Preferred Claims.