The daily Green Mountain freeman. [volume] (Montpelier, Vt.) 1861-1865, 1862-10-16
An ACT TO REGULATE AND EOUAIJzF THE AID
Preparation OF THE PROPERTY OF IVS0I
VENT DEBIORS FOR THE PAYMENT OF THEIR
DEBTS AND RELATING TO ASSIGNMENTS

PROfhIAItON OE LIE PROPERTY OF INSOT.
VENT DEBTORS FOR THE PAYMENT OF I THFI It
DEBTS, AND RELATING TO ASSIGNMENTS
introduced by Senator Edmunds.
is hereby enacted by the General assembly of the o
,t Vermont as fOtI0DS:
Sec l. Whenever the property of any debtor residing
or having place OF business this State shall he
charged by trustee process sequestered or levied mon b
creditor or claimant, for a demand of ddou1 -
such debtor may at any time before the final DISMISSAL of
such property IN due course of law satisfy the demand for
which it may be held assign all bis property including such
attached ruseed sequesered levied upon propertT (o
cepng chooses in action not liable by law to the trustee n
cess and excepting all other property exempt from lew Of
execution which he shall not be bound assign to an as
ee for the equal benefit according the amount of their
claims, Of all his creditors, pursuant to law
SEC Such ASST nment shall dissolve such attachment
sequestraOn trustee process far relates to the trustee
and levy and the creditor therein may come in under scb
assignment pro rata with other creditors and in that case
bis lawful costs IN such attachment process seoues
aton levy shall be allowed and paid from the assets Of
the debtor after the expenses of the assignment as pre-
ferred claim.
SEC 3. If any debtor residing, or having place of bus
ness this State shall neglect for the space of ten DAVIS
after his property Excepting real estate and shares of
stocks IN corpOratOn) shall have been 50 attached SCENES
tered truseed upon claim of more than one hundred
dollars SHALL Of levy of execution for more than
hundred dollars upon his property Or estate NEGLECT for
AANNA
menced made relieve such attached sequestered TINS
ed levedupo property from the attachment sequesra
trustee process or levy by payment other satisfaction
Gin Of attachment Or sequestration) by receipt to
the officer serving the process, by repevn pursuant to
law (n Of trustee process neglect to give bond
with sufficient surety to the creditor in such trustee process
the satsactono the court Justice thereof before
which such process may be returnabe conditioned for the
payment upon any Judgment that may be recovered against
him in such suit Of such the court or Justice takno
such bond shall designate in view of the amount for which
such might be chargeabe any creditor of such
debtor may apply the Of chancery in the county in
which such debtor resides has place Of business either in
time vacation for the appointment of an assignee of
such debtor and for order of assignment and upon
veicaon Of the facts by affidavit the shall appoint an
assignee Of such debtor and shall order SAID debtor within
time specified in such order, and rot to exceed five DAYS to
assign all his property including chooses in action Excepting
such may be by law exempt from levy Of execution and
from trustee proce such assignee for the equal benefit
pro- Taa Of all his creditors according the law regulating
assignments by debtors for the benefit Of creditors which
order shall operate dissolve such attachment seQuesation
levy, and trustee process far relates the trustee
SEC l. If the bond mentioned in section three of this act
shall be executed and approved pursuant thereto such
process shall hereupon be dissolved as the trustee therein
SEC >. If such debtor shall fail to comply with such or
der Of gnmen such order shall itself operate to transfer
all such property the nee and with the effect