Kaufman v. Wolf

STAYTON, Chief Justice.

—On January 22, 1881, Hudson & Son made an assignment under the statute for the benefit of such of their creditors as would accept under it and release them.

C. E. Wynne was appointed assignee and qualified on January 31,1881, by giving bond required by the statute, with Julius Kaufman, Julius Runge, and J. S. Perry as sureties, conditioned for “the faithful discharge of his duties as assignee and to make proportional distribution of the net proceeds of said estate among the creditors entitled thereto.”

On October 1,1881, the assignee had in hand a fund with which to pay…