6-1-3. Assignment to be written -- Contents -- Recording.
Every such assignment shall be by an instrument in writing, setting forth the name of the
assignor, his residence and business, the name of the assignee and his residence and business,
and in a general way describing the property assigned with its location, and stating the purpose of
the assignment. It shall be executed and acknowledged in the manner prescribed for the
execution and acknowledgment of deeds, and recorded in the office of the recorder of the county
where the property assigned is located. The assignor shall annex to such instrument an inventory,
under oath, of his estate, real and personal, according to the best of his knowledge, and a list of
his creditors and the amount of their respective demands; but such inventory shall not be
conclusive as to the amount of the debtor's estate, and such assignment shall vest in the assignee
the title to any other property belonging to the debtor at the time of making the assignment,
except property exempt from execution and insurance upon the life of the assignor, unless the
instrument mentions such exempt property and insurance and declares an intention of the
assignor that they shall pass thereby. As soon as such instrument is recorded it shall be filed, with
the inventory and list of creditors, in the office of the clerk of the district court of the county in
which the property so assigned is located; as shall all subsequent papers connected with such
proceedings.
No Change Since 1953
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Last revised: Wednesday, October 08, 2008