District of Columbia Statutes
§ 28-2107 — Preferences prohibited.
District of Columbia·Title 28 Commercial Instruments and Transactions. [Enacted title]·Ch. 21 Assignment for Benefit of Creditors.
A provision in a voluntary assignment made for the payment of one debt or liability in preference to another is void, and all debts and liabilities within the provisions of the assignment shall be paid pro rata from the assets. This section does not affect the priority of liens and incumbrances created bona fide and existing before the execution of the assignment.
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District of Columbia § 28-2107 (Preferences prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Stern v. J. Nichols Produce Co., Inc.
486 A.2d 84 (District of Columbia Court of Appeals, 1984)
Conner v. 1747 Pennsylvania Avenue Associates, L.P.
669 A.2d 693 (District of Columbia Court of Appeals, 1995)
Legislative History
Aug. 30, 1964, 78 Stat. 669, Pub. L. 88-509, § 1
Nearby Sections
15
§ 28-2101
Form of assignment.§ 28-2103
Assignee.§ 28-2104
Bond of assignee.§ 28-2106
Duties of assignee.§ 28-2107
Preferences prohibited.§ 28-2110
Notice to creditors.§ 28-2302
Assignment of bond or obligation.