Page:United States Statutes at Large Volume 52.djvu/916

 52 STAT.] 75THI CONG., 3D SESS.-CH. 575-JUNE 22, 1938 875 "SEC. 65. DECLARATION AND PAYMENTS OF DIVIDENDS.- a. Divi- Declaration and payments of divi- dends of an equal per centum shall be declared and paid on all dends. allowed claims, except such as have priority or are secured. "b. The first dividends shall be declared within thirty days after First dividends. the first date set for the first meeting of creditors, if the money of the estate in excess of the amount necessary to pay the debts which have priority equals 5 per centum or more of the allowed claims and such claims as have not been but probably will be allowed. Dividends subsequent to the first shall be declared upon like terms denubsequent divi- as the first and as often as the amount shall equal 10 per centum or more, and upon closing the estate. Dividends may be declared oftener and in smaller proportions, if the court shall so order: Unless six months have expired since the first date set for the first meeting, the first dividend, including such sum as would be required to pay a like dividend upon such claims as probably will be allowed, shall not include more than 50 per centum of the money of the estate in excess of the amount necessary to pay the debts which have priority, and the final dividend shall not be declared until three months after the first dividend shall be declared: Provided, That after the expi- yodvi- When only onedivi- ration of six months following the first date set for the first meeting dend. only one dividend need be declared. "c. The rights of creditors who have received dividends or in allowaid"s oed and whose favor final dividends have been declared shall not be affected ment, etc., of divi. by the proof and allowance of claims subsequent to the date of such dends. payment or declarations of dividends; but the creditors proving and securing the allowance of such claims shall be paid dividends equal in amount to those already received by the other creditors, if the estate equals so much, before such other creditors are paid any further dividends. "d. Whenever a person shall have been adjudged a bankrupt by oAdjudication by court without U. S . a court without the United States and also by a court of bankruptcy, and als oycourto creditors residing within the United States shall first be paid a divi- ban pt cy dend equal to that received in the court without the United States by other creditors before creditors who have received a dividend in such courts shall be paid any amounts. "e. A claimant shall not be entitled to collect from a bankrupt rgit of claitmant' estate any greater amount than shall accrue pursuant to the provi- bankruptestate. sions of this Act. "SEC. 66. UNCLAIMED MONEYS. - a. Dividends or other moneys Unclaimed moneys. which remain unclaimed for sixty days after the final dividend has been declared and distributed shall be paid by the trustee into the court of bankruptcy; and at the same time the trustee shall file with the clerk a list of the names and post-office addresses, as far as known, of the persons entitled thereto, showing the respective amounts payable to them. "b. Dividends remaining unclaimed for one year shall, under the direction of the court, be distributed to the creditors whose claims have been allowed but not paid in full, and after such claims have been paid in full the balance shall be paid to the bankrupt: Provided, Po-iso. Unclaimed divi- That, in case unclaimed dividends belong to minors, such minors dends belonging to may have one year after arriving at majority to claim such dividends. minors "SEC. 67. LIENS AND FRAUDULENT TRANSFERS. -a . (1) Every lien ient transrs du against the property of a person obtained by attachment, judgment, levy, or other legal or equitable process or proceedings within four months before the filing of a petition in bankruptcy or of an original petition under chapter X, XI, XII, or XIII of this Act by or against such person shall be deemed null and void (a) if at the time when

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