§ 10-4-1. Residence of assignee — Bond.
Every assignee at common law for the benefit of creditors shall be a resident of the state and shall give bond to the clerk of the superior court, with some surety company authorized to do business in this state, as surety, in the amount of one thousand dollars ($1,000), conditioned on the faithful performance of his or her duties. All such bonds shall be filed in the office of the clerk of the superior court and may be sued upon in the proper court at the relation of any party interested or aggrieved, upon surety for costs being given to the court in which the suit is brought. Joint assignees may give joint or several bonds.
History of Section.P.L. 1902, ch. 984, § 1; C.P.A. 1905, § 1212; G.L. 1909, ch. 338, § 1; G.L. 1923, ch. 389, § 1; P.L. 1936, ch. 2390, § 1; G.L. 1938, ch. 585, § 1; G.L. 1956, § 10-4-1.
Structure Rhode Island General Laws
Title 10 - Courts and Civil Procedure – Procedure in Particular Actions
Chapter 10-4 - Assignment for Benefit of Creditors
Section 10-4-1. - Residence of assignee — Bond.
Section 10-4-2. - Filing of schedules and lists — Certificate of deed of assignment.
Section 10-4-3. - Place of filing of papers.
Section 10-4-4. - Recording and notice of assignments.
Section 10-4-5. - Removal or replacement of assignee.
Section 10-4-6. - Effect of assignment on liens.
Section 10-4-8. - Demands for and protection of property by assignee.
Section 10-4-9. - Effect on suits and proceedings of death, resignation, or removal of assignee.
Section 10-4-10. - Dividends to creditors — Assignee’s report — Discharge of surety on bond.
Section 10-4-11. - Record of proceedings.
Section 10-4-12. - Appeal to supreme court — Certification of questions.
Section 10-4-13. - Chancery jurisdiction preserved — Provisions mandatory.