44-1046. Final report by assignee; hearing; discharge of assignee; disposition of funds in estate at final settlement
180 words·~1 min read·
/az/title-44/44-1046A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. When the assignee has fully performed the duties of his trust and desires to be finally discharged therefrom, he shall make a report of his proceedings under the assignment. The report shall be under oath and shall set forth the money and assets which came into his possession, and how such assets were disbursed and disposed of. The assignee shall file the report in the office of the clerk of the superior court having jurisdiction of the insolvent estate.
B. A hearing shall be held on the report after notice to each known creditor, which shall be mailed at least ten days before the hearing. Approval of the report by the court shall be conclusive in favor of the assignee to the same extent as approval of a report in the case of any other trust.
C. When the trust is fully executed, the assignee may be discharged. Any monies or funds of the insolvent estate in the possession of the assignee at final settlement shall be deposited in the superior court subject to the judgment of the court.