54-9-9. Effect of omitting to record--Assignment of real property.
67 words·~1 min read·
/sd/title-54/chapter-54-9/54-9-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An assignment for the benefit of creditors is void against creditors of the assignor, and against purchasers and encumbrancers in good faith and for value, if the assignment is not recorded and the inventory filed within twenty days after the date of the assignment. Where it embraces real property it is subject to the provisions of law on recording transfers, as well as those of this chapter.