Act of July 26, 1876, ch. 234, 19 Stat. 102
An act to amend the act entitled “An act to amend and supplement an act entitled “An act to establish a uniform system of bankruptcy throughout the United States” approved March second, eighteen hundred and sixty-seven, and for other purposes,” approved June twenty-second, eighteen hundred and seventy-four
Forty-Fourth Congress, Session I · Approved July 26, 1876
This is an unofficial transcription, prepared by Robert J. Pfister for ease of reading and copying. The authoritative text is the United States Statutes at Large.
United States Statutes at Large (PDF, 1 page) (opens in a new tab) Unofficial transcription (PDF, 1 page) (opens in a new tab)
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section twelve of said act be, and the same is hereby, amended as follows: After the word “committed,” in line forty-four, insert: “Provided also, That no voluntary assignment by a debtor or debtors of all his or their property, heretofore or hereafter made in good faith for the benefit of all his or their creditors, ratably and without creating any preference, and valid according to the law of the State where made, shall of itself, in the event of his or their being subsequently adjudicated bankrupts in a proceeding of involuntary bankruptcy, be a bar to the discharge of such debtor or debtors.” That section fifty-one hundred and eight of the Revised Statutes is hereby amended so as to read as follows: At any time after the expiration of six months from the adjudication of bankruptcy, or if no debts have been proved against the bankrupt, or if no assets have come to the hands of the assignee, at any time after the expiration of sixty days, and before the final disposition of the cause, the bankrupt may apply to the court for a discharge from his debts. This section shall apply in all cases heretofore or hereafter commenced.
Approved, July 26, 1876.