§ 1. Assignment for benefit of creditors; effect of preferences
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 39 P.S. Insolvency and Assignments
39 P.S. § 1
§ 1. Assignment for benefit of creditors; effect of preferences
Any person, persons, firm, limited partnership, joint-stock company or corporation may make an assignment of his, their or its property to one or more disinterested persons, as assignees, not exceeding three, for the benefit of his, their or its creditors; but, except as herein otherwise provided, all preferences or conditions therein contained shall be wholly void, and such assignment shall unconditionally inure to the benefit of all the creditors accepting a dividend as in this act provided.
Credits
1901, June 4, P.L. 404, § 3.
39 P.S. § 1, PA ST 39 P.S. § 1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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