Section 10

Section 10. The assignment or a certified copy of the decree of the court appointing a receiver shall be recorded in the county where the insolvent resides, or his principal place of business is situate, and in every county where he owns real estate. A failure to record shall not in any manner affect the assignment; but if the assignee fails to record it within fifteen days after its delivery, his compensation as assignee shall shall be reduced by a sum sufficient to pay the costs, expenses and counsel fees of any creditor, or creditors, who in ignorance thereof bring suit or proceed with one already brought, and such sums shall be paid to such creditors. Any creditor may compel the production and recording of an assignment, by petition to the proper court of common pleas, at the expense and cost of the defaulting assignee, including a reasonable counsel fee to such creditor's attorney.