Pennsylvania Act 1843-131 — ASSIGNMENTS - PREVENT PREFERENCES OF

Act text

ASSIGNMENTS - PREVENT PREFERENCES OF
                 Act of Apr. 17, 1843, P.L. 273, No. 131              Cl. 39
                                  AN ACT

     To prevent preferences in assignments.

        Section 1.  Preferences prohibited
        All assignments of property in trust which shall hereafter be
     made by debtors to trustees, on account of inability at the time
     of the assignments to pay their debts, to prefer one or more
     creditors, except for the payment of wages of labor, shall be
     held and construed to inure to the benefit of all the creditors
     in proportion to their respective demands; and all such
     assignments shall be subject in all respects to the laws now in
     force relative to voluntary assignments: Provided, That the
     claims of laborers thus preferred shall not severally exceed the
     sum of fifty dollars.  1843, April 17, P.L. 273, Sec. 1.