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Joint Comm. on Bankruptcy. Report on national uniform law on bankruptcy, 1832
House No. 33 On January 28, 1832, five House members and four Senators joined to study a uniform law of bankruptcy and then submitted a report. The
Constitution of the United States ceded power to Congress to develop a uniform bankruptcy law. Local laws only applied to local cases, but if a
creditor had his location outside of a state, his standing was difficult. With the uniform law, the instant bankruptcy was declared, all the debtor's
property was frozen and present for the benefit of all creditors. There would be no preferred creditors. The Committee recommended promoting the uniform
law and presented a Resolve to have local members of Congress promote the adoption of the law; the Governor was directed to send the members a copy of
the resolution. (Digitized from a microfilm copy of title originally held by the Massachusetts State Library).
Title:   Ordered, that Messrs. Phillips, of Boston, Crocker, of Taunton, Nims, of Greenfield, Phelps, of Hadley, and Poor, of Danvers, with such as the Senate may join, be a committee to inquire into the expediency of instructing the Senators, and requesting the Representatives of this Commonwealth in Congress, to aid in procuring the passage of a law providing an uniform system of bankruptcy, and, if said committee deem such a measure expedient, to report resolves giving such instructions.
OCLC Number:   1395399015
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo