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§ 73. Impeaching transactions by assignee or receiver

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 39 P.S. Insolvency and Assignments

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 39 P.S. Insolvency and Assignments (Refs & Annos)
Chapter 1. Assignments and Insolvency Proceedings
Act of 1901 and Later Acts
Powers and Duties of Assignee or Receiver
39 P.S. § 73
§ 73. Impeaching transactions by assignee or receiver
Provided, I. That no purchase or assignment of the real or personal property of such insolvent, made bona fide and for a valuable consideration, before the recording of the assignment or of the appointment of a receiver in the county where such purchase or assignment is made, by or to any person not having actual notice or knowledge of such insolvency, or of the assignment or petition, shall be invalidated or impeached thereby, unless voidable under the other provisions of this act:
II. That if any person indebted to such insolvent, or having possession of any of his property, shall bona fide pay the said debt or deliver the said property to the said insolvent, without having had actual notice or knowledge of such petition or assignment, he shall not be liable to pay or deliver the same to such assignee or receiver.

Credits

1901, June 4, P.L. 404, § 17.
39 P.S. § 73, PA ST 39 P.S. § 73
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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