§ 76. Assignment; contents, and to whom made.
136 words·~1 min read·
/ny/debtor-creditor/insolvent-s-discharge-from-debts/76·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 76. Assignment; contents, and to whom made. The order must designate
one or more trustees, residents of the state; and must direct the
petitioner to execute, to him or them, an assignment of all his
property, at law or in equity, in possession, reversion, or remainder,
excepting only so much thereof, as is exempt by law from levy and sale,
by virtue of an execution. The assignment must be acknowledged or
proved, and certified, in like manner as a deed to be recorded in the
county, and must be recorded in the clerk's office of the county. Where
it appears, from the schedule or otherwise, that real property will pass
thereby, it must be also recorded as a deed, in the proper office for
recording deeds, of each county where the real property is situated.