TITLE LVII
INSOLVENCY PROCEEDINGS AND ASSIGNMENTS FOR CREDITORS

CHAPTER 568
INSOLVENCY PROCEEDINGS

Partnerships

Section 568:49

    568:49 Procedure. – Insolvent corporations created by the laws of this state, except banking and railroad corporations, may make assignments or be proceeded against in insolvency in the same manner as individuals, and the judge for the county where the principal place of business of the corporation is located may issue his warrant and proceed as in other cases. The schedule of creditors and of the estate shall be furnished by the treasurer or other financial officer of the corporation, and all the provisions of this chapter which apply to the debtor or set forth his duties in regard to executing papers, submitting to examinations, disclosing, making over, secreting, concealing, conveying, assigning, paying or conveying away his money or property shall, in like manner and with like force and effect and penalties, apply to each and every officer of the corporation and to the money and property thereof.

Source. PS 201:48. PL 401:49. RL 465:49.