Chapter CCLXII. in Amendment of the Act entitled “An Act establishing an uniform System of Bankruptcy throughout the United States.”July 14, 1870.1867, ch. 176, § 33
234 words·~1 min read·
/statutes-at-large/vol-16/chapter-cclxii-1232640·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. CCLXII.— An Act in Amendment of the Act entitled “An Act establishing an uniform System of Bankruptcy throughout the United States.”July 14, 1870.1867, ch. 176, § 33.Vol. xiv. p. 533. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the provisions of the secondLaw refusing discharge to bankrupt, unless assets pay 50 per cent, not to apply to debts contracted prior to Jan. 1, 1869.1868, ch. 258. Vol. xv. p. 227. clause of the thirty-third section of said act, as amended by the first section of an act in amendment thereof, approved July twenty-seven, eighteen hundred and sixty-eight, shall not apply to those debts from which the bankrupt seeks a discharge which were contracted prior to the first day of January, eighteen hundred and sixty-nine.
Sec. 2. *And be it further enacted,* That the clause in the thirty-ninthActs of bankruptcy. section of said act which now reads “or who, being a banker, merchant, or trader, has fraudulently stopped or suspended and not resumed payment of his commercial paper within a period of fourteen days,” shall be amended so as to read as follows: “or who, being a banker, broker, merchant, trader, manufacturer, or miner, has fraudulently stopped payment, or who has stopped or suspended and not resumed payment of his commercial paper within a period of fourteen days.
” Approved, July 14, 1870.