10 - Action on bond; application of recovery.

§ 10. Action on bond; application of recovery. Any action brought upon  an  assignee's bond may be prosecuted by a party in interest by leave of  the court; and all moneys realized thereon shall be applied by direction  of the judge in satisfaction of the debts of the assignor  in  the  same  manner as the same ought to have been applied by such assignee.