Cessio bonorum

In Roman law. Cession of goods. A surrender, relinquishment, or assignment of all his property and effects made by an insolvent debtor for the benefitofhis creditors. The effect of this voluntary action on the debtor’s part was to seeure him against imprisonment or any bodily punishment, and from infamy, and to cancel his debts to the extent of the property ceded. it much resembled our voluntary bankruptcy or assignment for creditors. ‘The term is commonly employed in modern continental jurisprudence to designate a bankrupt’s assignment of property to be distributed among his creditors, and is used in the same sense by some English and American writers, but here rather as a convenient than as a strictly technical term. Sea 2 Gi. Comm. 473; 1 Kent, Comm. 247, 422; Irsk. Inst. 4, 3, 26.

I. The abandonment or assignment by a debtor of aU his property for the benefit of his creditors. C'est asgavoir, asaver,/r. That is to to wit. doit enheriter al fitz: lie shall be heir to the sou. the beneficiary under a trust. use or profit another is que vie: he whose life

Lat.

In the Roman law. A cession, or giving up of goods. The surrender of cm a debtor's property to his creditors, by which, under the law of cession introduced by the christian emperors, he obtained an exemption of his person from imprisonment, and all bodily punishment, {omni quoqvscorporali cruciatu semoto,) 2 £1. Com. 473. This term is now applied, in the modem jurisprudence of most of the states of Europe, and also in American law, to the surrender of an insolvent's estate and effects to hb creditors. JSrffk. Inst, b. 4, tit. 3, § 26. 3 Burgees Col. db For. Law, 890, et seq. 1 Kent^s Cotn. 422. 247. 2 Id. 396, note.