1. MCA Contents
  2. TITLE 31
  3. CHAPTER 2
  4. Part 2
  5. 31-2-206 Preference to be absolute

TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS

CHAPTER 2. DEBTOR AND CREDITOR RELATIONSHIPS

Part 2. Assignments for Benefit of Creditors

Preference To Be Absolute

31-2-206. Preference to be absolute. A preference in an assignment for the benefit of creditors can only be given absolutely and without reserving any power of revocation.

History: En. Sec. 4515, Civ. C. 1895; re-en. Sec. 6141, Rev. C. 1907; re-en. Sec. 8617, R.C.M. 1921; Field Civ. C. Sec. 1929; re-en. Sec. 8617, R.C.M. 1935; R.C.M. 1947, 18-306.