Public Law 61. to establish a uniform system of bankruptcy throughout the United States”, approved July 1,1898, is amended to read as follows: " “(b) Any natural person, except a wage earner or a farmer, any unincorporated company, and any moneyed, business, or commercial corporation (except a municipal, railroad,

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(/us/74/pl/60).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Bankruptcy Act of 1898 amendments.Vol. 30, p. 547; Vol. 47, p. 47.[U. S. C., p. 321](/us/usc/p321).Involuntary bankruptcy; who may be adjudged. That subsection (b), as amended and supplemented, of section 4 of the Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1,1898, is amended to read as follows:

" “(b) Any natural person, except a wage earner or a farmer, any unincorporated company, and any moneyed, business, or commercial corporation (except a municipal, railroad, insurance or banking corporation, or a building and loan association) owing debts to the amount of $1,000 or over, may be adjudged an involuntary bankrupt upon default or an impartial trial, and shall be subject to the provisions and entitled to the benefits of this Act. Liability of officers, etc., of corporation.“The bankruptcy of a corporation or association shall not release its officers, directors, or stockholders, as such, from any liability under the laws of a State or Territory or of the United States.

” " Sec. 2. Vol. 47, p. 1469.[U. S. C., p. 333](/us/usc/p333). That subsection

(l)of section 74 of the Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1, 1898, as amended and supplemented, is amended to read as follows: "

(l)Trustee; when may be appointed. If

(1)the debtor shall fail to comply with any of the terms required of him for the protection of and indemnity against loss by the estate ; or

(2)the debtor has failed to make the required deposit in case of a composition; or

(3)the debtor’s proposal has not been accepted by the creditors; or

(4)confirmation has been denied; or

(5)without sufficient reason the debtor defaults in any payment required to be made under the terms of an extension proposal when Nomination by creditors.the court has retained jurisdiction of the debtor or his property, the court may appoint the trustee nominated by the creditors at the first meeting, and if the creditors shall have failed to so nominate, may appoint any other qualified person as trustee to liquidate the estate. The court shall in addition adjudge the debtor a bankrupt if satisfied that he commenced or prolonged the proceeding for the purpose of delaying creditors and avoiding an adjudication in bankruptcy, or if the confirmation of his proposal has been denied. No order of liquidation or adjudication shall be entered in any proceeding under this section instituted by or against a wage earner or a farmer unless the wage earner or farmer consents.” " Sec. 3. Vol. 47, p. 1473.[U. S. C., p. 336](/us/usc/p336). That subsection

(r)of section 75 of the Act entitled “An Act to establish a uniform system of bankruptcy throughout the United States”, approved July 1, 1898, as amended and supplemented, is amended to read as follows: " “(r) Term “farmer” construed. For the purposes of this section, section 4 (b), and section 74, the term ‘farmer’ includes not only an individual who is primarily bona fide personally engaged in producing products of the soil, but also any individual who is primarily bona fide personally engaged in dairy farming, the production of poultry or livestock, or the production of poultry products or livestock products in their unmanufactured state, or the principal part of whose income is derived from any one or more of the foregoing operations, and includes the personal representative of a deceased farmer; and a farmer shall be deemed a resident of any county in which such operations occur,” " Approved, May 15, 1935. To give proper recognition to the distinguished services of Colonel William L. Keller. 1935-05-15 49 Stat. 247 115 Chapter 74 1 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 public 247 [CHAPTER 115.] AN ACT To give proper recognition to the distinguished services of Colonel William L. Keller. May 15, 1935.[[S. 2024](/us/bill/74/s/2024).][[Public, No. 61](/us/74/pl/61).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That in recognitionColonel William L. Keller.May be designated Consultant in Surgery at Walter Reed Hospital. of the outstanding service and contribution made to the science of medicine and surgery by Colonel William L. Keller, Medical Corps, United States Army, and to provide that his mature professional judgment and long experience may continue to remain available to the public service, the President is hereby authorized to designate the said Colonel William L. Keller, upon his retirement from the active list, as Consultant in Surgery at the United States Army Medical Center (Walter Reed Hospital), Washington, District of Columbia: *Provided*, That such designation shall be subject to the*Proviso*.Optional acceptance. said Colonel William L. Keller’s acceptance and terminable at his pleasure; and it is further provided that he shall be entitled to the full active-duty pay and allowances of the grade held by him at thePay and allowances. time of his retirement. Approved, May 15, 1935. Making appropriations for the Department of Agriculture and for the Farm Credit Administration for the fiscal year ending June 30, 1936, and for other purposes. 1935-05-17 49 Stat. 247 131 Chapter 74 1 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 public [CHAPTER 131.] AN ACT Making appropriations for the Department of Agriculture and for the Farm Credit Administration for the fiscal year ending June 30, 1936, and for other purposes. May 17, 1935.[[H. R. 6718](/us/bill/74/hr/6718).][

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to establish a uniform system of bankruptcy throughout the United States”, approved July 1,1898, is amended to read as follows: " “(b) Any natural person, except a wage earner or a farmer, any unincorporated company, and any moneyed, business, or commercial corporation (except a municipal, railroad,
Public Law 61

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Public Law 61

to establish a uniform system of bankruptcy throughout the United States”, approved July 1,1898, is amended to read as follows: " “(b) Any natural person, except a wage earner or a farmer, any unincorporated company, and any moneyed, business, or commercial corporation (except a municipal, railroad,

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