District of Columbia § 28-2102 Extent of assignment — Assets exempt.

District of Columbia Statutes

§ 28-2102 — Extent of assignment — Assets exempt.

District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 21 Assignment for Benefit of Creditors.

An assignment vests in the assignee the title to all property, except what is legally exempt, belonging to the debtor at the time of making the assignment and comprehended within its general terms. The inventory annexed to an assignment is not conclusive as to the amount of the debtor’s estate.

An assignment for the benefit of creditors does not include or cover property exempt from levy or sale on execution unless the exemption is expressly waived. The court may direct the manner in which exempt property may be ascertained and set aside before a sale by a trustee.

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An assignment vests in the assignee the title to all property, except what is legally exempt, belonging to the debtor at the time of making the assignment and comprehended within its general terms. The inventory annexed to an assignment is not conclusive as to the amount of the debtor’s estate.

An assignment for the benefit of creditors does not include or cover property exempt from levy or sale on execution unless the exemption is expressly waived. The court may direct the manner in which exempt property may be ascertained and set aside before a sale by a trustee.

District of Columbia § 28-2102 (Extent of assignment — Assets exempt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.