2003 Minnesota Code
Chapters 570 - 583 Compensatory and Collection Remedies
Chapter 577 Assignments for Benefit of Creditors
Section 577.09 Payment of dividends; list of creditors.
577.09 Payment of dividends; list of creditors.
At least 20 days before paying any dividend or distributing any of the trust estate, the assignee shall file with such court administrator a verified statement containing a list of all the creditors who have presented proofs of claim, as hereinbefore provided, and showing the nature and amount of each such claim; and, when any creditor thereafter shall present proof of claim to the assignee, the assignee shall file a similar statement thereof, and pay nothing thereon until the expiration of 20 days thereafter.
HIST: (9790) RL s 4619; 1986 c 444; 1Sp1986 c 3 art 1 s 82
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