Wash. Rev. Code § 7.08.010

Current through Chapter 376 of the 2024 Regular Session

Section 7.08.010 - Assignment must be for benefit of all creditors

No general assignment of property by an insolvent, or in contemplation of insolvency, for the benefit of creditors, shall be valid unless it be made for the benefit of all of the assignor's creditors in proportion to the amount of their respective claims.

RCW 7.08.010

2004 c 165 § 36; 1893 c 100 § 1; 1890 p 83 § 1; RRS § 1086.

Purpose-Captions not law-2004 c 165: See notes following RCW 7.60.005.