Resignation of the Assignee

Any assignee may at any time, by a writing filed in court, resign his appointment, having first settled his accounts and delivered all the deeds, vouchers, books of account, notes, bills, bonds, and securities of the debtor and all his real and personal property, estate, and effects to such successor as the court shall appoint; provided, that if in the discretion of the court the circumstances of the case require it, upon good cause being shown, the court may, at any time before such settlement of account and delivery of the estate shall have been completed, revoke the appointment of such assignee and appoint another in his stead. The liability of the outgoing assignee, or of COL120106 CH. 50 INSOLVENCY LAW the sureties on his bond, shall not be in any manner discharged, released, or affected by such appointment of another in his stead.