District of Columbia § 28-2103 Assignee.

District of Columbia Statutes

§ 28-2103 — Assignee.

District of Columbia § 28-2103

Title 28Commercial Instruments and Transactions. [Enacted title]

Ch. 21Assignment for Benefit of Creditors.

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Bluebook

D.C. Code § 28-2103 (2026).

Text

Only a resident of the District of Columbia may be an assignee in an assignment for the benefit of creditors. His assent shall appear in writing in, or at the end of, or indorsed on, the assignment. An assignment is invalid unless acknowledged and recorded within five days after its execution in the land records of the District. A trust created by an assignment shall be executed under the supervision and control of the court having probate jurisdiction.

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Only a resident of the District of Columbia may be an assignee in an assignment for the benefit of creditors. His assent shall appear in writing in, or at the end of, or indorsed on, the assignment. An assignment is invalid unless acknowledged and recorded within five days after its execution in the land records of the District. A trust created by an assignment shall be executed under the supervision and control of the court having probate jurisdiction.

Legislative History

Aug. 30, 1964, 78 Stat. 668, Pub. L. 88-509, § 1; July 29, 1970, 84 Stat. 569, Pub. L. 91-358, title I, § 151(a); Apr. 9, 1997, D.C. Law 11-255, § 27(a), 44 DCR 1271