The Collaborative International Dictionary of English v.0.48:

Cessionary \Ces"sion*a*ry\, a. [LL. cessionarius, from
   cessionare to cede, fr. L. cessio: cf. F. cessionnaire. See
   Cession.]
   Having surrendered the effects; as, a cessionary bankrupt.
   --Martin.
   [1913 Webster]