Section 1534. Accounting by Fiduciaries

(a) Except as otherwise provided by an Act of Assembly, a receiver, assignee or other fiduciary filing an account shall give notice of the intention to apply for confirmation thereof on the date fixed by the court by local rule or special order. The notice shall also set forth that the account may be confirmed and distribution ordered unless exceptions are filed with the prothonotary before that date.

(b) Notice shall be given by personal service, or by mail or publication, in such manner as the court by local rule or special order shall direct.

(c) The court at any time may order a partial distribution of money or property in settlement of claims and may require the filing of refunding bonds by the claimants.

Official Note

Adopted January 4, 1952, effective July 1, 1952. For special statutory provisions relating to accounting, see the Act of May 15, 1933, P. L. 565, 71 P. S. § 733-1 et seq., (the Department of Banking Code) and the Act of June 4, 1901, P. L. 404, No. 231, 39 P. S. § 1 et seq., (insolvency proceedings).

The provisions of this Rule 1534 amended November 14, 1978, effective December 2, 1978, 8 Pa.B. 3410; amended June 3, 1994, effective July 1, 1994, 24 Pa.B. 3010; amended April 12, 1999, effective July 1, 1999, 29 Pa.B. 2274. Immediately preceding text appears at serial pages (223282) to (223283).