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Defined in 1 dictionary — Case Law
Definitions from Case Law
From 30 U.S. 173 - William Hunter v. The United States · 1831Most cited · 47 citing opinions
The assignment under the insolvent law could only take effect from the time it was made. Until the court, in the exercise of their judgment determine that the applicant is entitled to the benefit of the law, and in pursuance of its requisitions he assigns his property, the proceedings are inchoate and do not relieve the party. It is the transfer which vests in the assignee the property of the insolvent, for the benefit of his creditors.