2014 Missouri Revised Statutes
TITLE XXVII DEBTOR-CREDITOR RELATIONS (425-430)
Chapter 426 Assignment for Benefit of Creditors
Section 426.010 Voluntary assignment--execution of.
426.010. Every voluntary assignment of lands, tenements, goods, chattels, effects and credits made by a debtor to any person in trust for his creditors, shall be for the benefit of all the creditors of the assignor in proportion to their respective claims; and every provision in any assignment providing for the payment of one debt or liability in preference to another shall be void, and all debts and liabilities (including judgments entered by confession thirty days previous to such assignment) shall be paid pro rata from the assets thereof; and every such assignment shall be proved or acknowledged, and certified and recorded in the same manner as is prescribed by law in cases wherein real estate is conveyed.
(RSMo 1939 § 5739)
Prior revisions: 1929 § 5629; 1919 § 623; 1909 § 896
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