Current through Pa Acts 2024-53, 2024-56 through 2024-95
Section 733-707 - Inventory and appraisementA. When the secretary has taken possession of the business and property of an institution as receiver, he shall forthwith prepare, in duplicate, a complete and detailed inventory of the assets of such institution. The inventory shall be verified by oath or affirmation of the secretary or other person making it.B. As soon as expedient after taking possession, the secretary shall cause a complete appraisement of the assets of the institution to be made, in duplicate, under oath or affirmation, by not less than two nor more than three disinterested appraisers selected by him. Such appraisement shall be included upon the same document or documents as the inventory. The value of the assets shall be computed in such appraisement as of the date on which the secretary took possession.C. The original and duplicate of the inventory and appraisement shall be filed in the office of the secretary in Harrisburg. However, if the secretary shall determine, in accordance with the provisions of this act, to liquidate the affairs of the institution, he shall, immediately after such determination to liquidate, file the duplicate inventory and appraisement in the office of the prothonotary.1933, May 15, P.L. 565, art. VII, § 707.