Rule Text
(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.
Amendment history: 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).
Plain-English Summary (for reference only — not a substitute for the rule text above)
This summary is not the rule. The rule text controls.
When someone is put in charge of managing money or property for others (like a receiver or assignee), they must file a formal account showing what they did with those funds. They also have to give proper notice to people who might be affected, telling them the date when the court will approve the account. That notice must warn people that if they do not file written objections before that date, the court can approve the account and order the money to be distributed.
The notice can be delivered in different ways, such as in person, by mail, or by publication in a newspaper. The exact method depends on what the local court rules require or what the judge orders in a specific case.
The court also has the power to approve partial payments before the full accounting process is complete. If the court does this, it can require the people receiving money to sign a refunding bond, which is a promise to return the money if it turns out they received more than they were owed.
Committee Notes
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).
