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2025 Delaware Code
Title 10 - Courts and Judicial Procedure
Chapter 73. INSOLVENCY
Subchapter II. Proceedings Under Assignment
§ 7323. Possession of property by trustees; exemption and valuation.
Universal Citation:
10 DE Code § 7323 (2025)
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§ 7323. Possession of property by trustees; exemption and valuation.
The trustee or trustees shall take possession of all property and estate, except wearing apparel and the necessary bedding of the petitioner and the petitioner's family, and the tools, or implements, of the petitioner's trade or calling, not exceeding in value in the whole $50; which articles, and the value thereof, shall be ascertained by 2 judicious and impartial citizens of the county wherein the petitioner resides, to be appointed, and sworn or affirmed to the faithful performance of their duty, by a justice of the peace of the county. The articles so ascertained shall be exempt from any execution or legal process against the petitioner, except execution in a criminal case.
Code 1852, § 2704; Code 1915, § 4628; Code 1935, § 5086; 10 Del. C. 1953, § 7323; 70 Del. Laws, c. 186, § 1;
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