Assigned Estate of Larkin

Citations

• 132 Pa. 554
• 19 A. 283
• 1890 Pa. LEXIS 851

Syllabus

<p>1. Where an assignor for the benefit of creditors reserves in the deed of assignment “ such property as is now by law exempt from levy and sale on execution,” such reservation is sufficient notice of the claim for exemption, botli to the assignee and to all claimants upon the assigned estate.</p> <p>2. And where, in such case, the assignor’s personalty, appraised at $97.75, is retained by him, it is the duty ol the assignee, upon the sale ol the realty, consisting oí a single tract, to pay the balance of the exemption claim out of the proceeds, and no specific appraisement of the land is necessary.</p>