Litchfield enquirer., 1875-09-16
tSenate Bill No. e6l


 An act in addition to Act relating to Receivers. De enacted by the Senate and House of Representa-
 uves in General Assembly convened:
 SEC. l. Upon the appointment of receivers for any any incorporated bank, savings bank trust compa- ny, the court making such appointment shal in the time within which all claims against such corporation shall be presented said receivers and said court shal cause such public notice Of such lnitstiOn, or extension of time to be given 1t shall deem able and just And all claims not presented to said receives within the period limited therefor, shall be forever barred.
 Sac. 2. Said receivers shall receive proof of and the several claims which may be presented to them as aforesaid and shall make report thereof to said court specifying particularly those allowed and dsalowed, and shall give such notice Es said court may prescribe to any party whose claim any part thereof is disal lowed. Any person aggrieved by the d0Ings of said receivers, in the allowance disallowance Of any claims any part thereof may after said report shall have been returned to said court, and within such time said court shall limit for that purpose and not afterwards make his complaint in writing to said court, setting forth with reasonable certainty the grievance whereof he complains, and said complaint being first served on said receivers. and upon any other party interest who may be entitled to notice in such manner said court shah prescribe deem reasonable; said court shall by committee, other wise, enquire into the grievances complained of and grant such relief in the premises ss to law and equity SEC j. Said receivers saI as soon after their SD. pointment as may be- make and return to said court inventory and appraisal of the assets Of such pOration, verified by oath according to their pest
 
 time tOfime thereafter make and return such addi- onal snd supplementary inventories, and valuations and render such reports of their statements Of accounts, shall be necessary for the of said court, shall De reqnFUd by the order of said court. They sha hold all the assets which shall come into their hands, as such receivers. subject to the order of said court. shall convert the into money with all reasonable despatch and for that pur. pose may sell and dispose of said assets and make all proper conyeyances thereof and may compromise all doubtful claims for against such eorp0rstC n; pro vded hoceUer that claim in favor of such ton against any director, trustee other officer thereof for breach neglect of official duty, shall be compromised without the special authority and ap- prOval Of said court. In cases of doubt difficulty they may upon written application. ask the advice of said court as to the manner in which they shall exc cute their trust. Said court may from time to time, of its own motion complaint of any party inter- ested make ali necessary and proper orders as to the proceedings of said receivers, their compensation, and other expenses, and may make and render sby and all proper judgments snd decrees the eStgen- cies of the may require for the right admjnis- traton and final settlement of suGh estate according to law.
 SEC, 4. No claim ia favor of such corporation not barred by the statute of Limitation at the time of ing the citation said corporation for the appoint met Of receivers shall be barred against said Iecefv. in any suit for the recovery thereof brought by them eiteer in their name or in the name of said corporation.
 SEC. s. A attachments of the estste Of any such