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Bankruptcy Act of 1898

May 1951 amendment of the Bankruptcy Act of 1898 (ch. 82)


Act of May 16, 1951, ch. 82, 65 Stat. 42

An Act To amend subdivision a of section 55 of the Bankruptcy Act, as amended

Eighty-Second Congress, Session I · Approved May 16, 1951

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That subdivision a of section 55 of the Bankruptcy Act, as amended, is hereby amended to read as follows:

“a. The court shall cause the first meeting of the creditors of a bankrupt to be held not less than ten nor more than thirty days after the adjudication, at the place or at one of the places designated by the conference pursuant to paragraph (1) of subdivision b of section 37 of this Act as a place at which court shall be held within the judicial district in which the proceeding is pending or if that place would be unreasonably inconvenient as a place of meeting for the parties in interest, the court shall fix a place for the meeting within said judicial district which is not unreasonably inconvenient for the parties in interest. If such meeting should by any mischance not be held within such time, the court shall fix the date as soon as may be thereafter, when it shall be held.”

Approved May 16, 1951.