Assignments for the Benefit of Creditors 

Ohio Code > Title 13 > Chapter 1313 > § 1313.21 - Duties of assignee or trustee of insolvent debtor

An assignee or trustee for the benefit of creditors shall convert the assets received by him into money, and shall sell the real and personal property assigned, including stocks and such bonds, notes, and other claims as are not due and which probably cannot be collected within a reasonable time, at public auction, either for cash or upon such other terms as the probate court orders.

Effective Date: 10-01-1953

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Related Articles: Assignments for the Benefit of Creditors

Assignment for the Benefit of Creditors

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