379.020 Deed of assignment -- Recordation -- Effect of deed -- Schedule of assignor.

225 words·~1 min read·/ky/chapter-379/379-020

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The deed of assignment shall be acknowledged by the assignor in the same manner

as other deeds and shall be recorded in the county clerk's office of the county where

the assignor resides, where the business in respect to which the deed is made is

carried on, and in each county where a tract of land or the greater part thereof

conveyed by the deed is situated.

(2)The deed shall vest in the assignee title to all the property, real and personal, with

all deeds, books and papers relating thereto belonging to the assignor at the time of

making the assignment, except property exempt by law which shall not pass unless

embraced in the deed. The intent of the assignor in making the assignment, whether

appearing upon the face of the deed or otherwise, shall not invalidate the deed,

unless he is solvent and it appears that the assignment was made to hinder or delay

creditors.

(3)The assignor shall, within five

(5)days from the day upon which the deed is lodged

for record, file for record in the county where the assignee qualifies a schedule

under oath, setting forth the general nature and full value of the property assigned,

together with a list of his creditors, their post office address, the amount due each

and whether secured by lien or not.