insolvent's surrender for creditors
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 60 U.S. 113 - Pierre Felix Coiron and Marie Coiron Minor by Her Next Friend Pierre Felix Coiron v. Laurent Millaudon Edward Shiff Syndics of Alexander Lesseps et al. · 1856Most cited · 50 citing opinions
According to the law of Louisiana, on a surrender by the insolvent of his property for the benefit of creditors, the estate vests in the latter sub modo, and is disposed of by them through the agency of the syndic, under the supervision and control of the court before whom the proceedings take place.