Page:United States Statutes at Large Volume 78.djvu/709

 78 STAT. ]

PUBLIC LAW 88-509-AUG. 30, 1964

667

Public Law 88-509 AN ACT To enact subtitle II, "Other Commercial Transactions", of title 28, "Commercial I n s t r u m e n t s and Transactions", of the District of Columbia Code, and for other purposes.

August 30, 1964 [H. R. II 4 6 6 ]

Be it enacted by the Senate and House of Representatives of the Distric United States of America in Congress assembled, That the general and Columbiat ofo d e. C permanent laws of the District of Columbia, relating to commer- ~'«othe7cVmm'ercial instruments and transactions, not embraced in "Subtitle I—Uni- ^j^^ J/",^"^^"^' form Commercial Code" of title 28, District of Columbia Code, which was enacted by Public Law 88-243, are revised, codified, and enacted ^' ^*^*- ^^°' as "Subtitle II—Other Commercial Transactions", of title 28, and may be cited as "D.C. Code, § ", as follows:

SUBTITLE II—OTHER COMMERCIAL TRANSACTIONS CHAPTEB 21. A S S I G N M E N T FOB B E N E F I T OF CREDITORS 23. A S S I G N M E N T OF CHOSEB I N ACTION 25. BONDS AND UNDERTAKINGS 27. B U S I N E S S HOLIDAYS AND COMPUTATION OF T I M E 29. FIDUCIARY SECURITY TRANSFERS 31. FRAUDULENT CONVEYANCES 33. INTEREST AND USURY 35. STATUTE OF FRAUDS

Sec. 28-2101 28-2301 28-2501 28-2701 28-2901 28-3101 28-3301 28-3501

CHAPTER 21--ASSIGNMENT FOR BENEFIT OF CREDITORS Sec 28-2101. 28-2102. 28-2103. 28-2104. 28-2105. 2&-2106. 28-2107. 28-2108. 28-2109. 28-2110.

For m of assignment. E x t e n t of assignment—Assets exempt. Assignee. Bond of assignee. Nonperformance by assignee—Trustee. Duties of assignee. Preferences prohibited. Proceedings for benefit of all creditors. Assignment to hinder or defraud creditors. Notice to creditors.

§ 28-2101. Form of assignment In a voluntary assignment for the benefit of creditors, the debtor shall annex to the assignment (1) an inventory, under oath or affirmation, of his estate, real and personal, according to the best of his knowledge, (2) a list of his creditors, their respective residences and places of business, if known, and (3) the amounts of their respective demands. § 28-2102. Extent of assignment—Assets exempt 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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