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This entry was published on 2014-09-22
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Duties of assignee
Debtor & Creditor (DCD) CHAPTER 12, ARTICLE 2
§ 14. Duties of assignee. It shall be the duty of the assignee to
collect and reduce to money the property of the estate, under the
direction of the court; report promptly to the court any claims
presented to him which are not provable, or are incorrect or false and
shall also report promptly for allowance all claims presented to him
which are not disputed; close up the estate as expeditiously as
possible; furnish such information concerning the estate as may be
requested by parties in interest; keep regular accounts; pay dividends
as often as is compatible with the best interests of the estate; make
appraisals or in his discretion employ an appraiser or appraisers;
designate and employ auctioneers; file an interim report within six
months of assuming his duites unless excused by the court or unless the
estate has been sooner distributed; file a final report and account at
least fifteen days before the final hearing to consider the judicial
settlement of the account.