Assignee.
Only a resident of the District of Columbia may be an assignee in an assignment for the benefit of creditors. His assent shall appear in writing in, or at the end of, or indorsed on, the assignment. An assignment is invalid unless acknowledged and recorded within five days after its execution in the land records of the District. A trust created by an assignment shall be executed under the supervision and control of the court having probate jurisdiction.
Annotations
Aug. 30, 1964, 78 Stat. 668, Pub. L. 88-509, § 1 July 29, 1970, 84 Stat. 569, Pub. L. 91-358, title I, § 151(a) Apr. 9, 1997, D.C. Law 11-255, § 27(a), 44 DCR 1271 1973 Ed., § 28-2103. 1981 Ed., § 28-2103. This section is referenced in § 28-2105. Civil jurisdiction, probate, see §§ 11-501 and 11-921.
Sourced from the DC Council Open Law Library (public domain).
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