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2018 District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Chapter 21 - Assignment for Benefit of Creditors.
§ 28–2102. Extent of assignment — Assets exempt.
Universal Citation: DC Code § 28–2102 (2018)
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.
(Aug. 30, 1964, 78 Stat. 667, Pub. L. 88-509, § 1.)
Prior Codifications1981 Ed., § 28-2102.
1973 Ed., § 28-2102.
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