What is CESSIO BONORUM? Definition of CESSIO BONORUM in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
In Roman law. Cession of goods. A surrender, relinquishment, or assignment of all his property and effects made by an insolvent debtor for the benefit of his creditors. The term is commonly employed in modern continental jurisprudence to designate a bankrupt's assignment of property to be distributed among his creditors, and is used in the same sense by some English and American writers, but here rather as a convenient than as a strictly technical term. See 2 Bl.Comm. 473; Dig. 2, 4, 25; 48, 19, 1; Nov. 4. 3; La.Civ.Code art. 2166 (Civ.Code, art. 2170) ; Sturges v. Crowninshield, 4 Wheat, .122, 4 L.Ed. 529.
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