6-1-3 - Assignment to be written -- Contents -- Recording.
6-1-3. Assignment to be written -- Contents -- Recording.
Every such assignment shall be by an instrument in writing, setting forth the name of theassignor, his residence and business, the name of the assignee and his residence and business,and in a general way describing the property assigned with its location, and stating the purpose ofthe assignment. It shall be executed and acknowledged in the manner prescribed for theexecution and acknowledgment of deeds, and recorded in the office of the recorder of the countywhere the property assigned is located. The assignor shall annex to such instrument aninventory, under oath, of his estate, real and personal, according to the best of his knowledge, anda list of his creditors and the amount of their respective demands; but such inventory is notconclusive as to the amount of the debtor's estate, and such assignment shall vest in the assigneethe title to any other property belonging to the debtor at the time of making the assignment,except property exempt from execution and insurance upon the life of the assignor, unless theinstrument mentions such exempt property and insurance and declares an intention of theassignor that they shall pass thereby. As soon as such instrument is recorded it shall be filed,with the inventory and list of creditors, in the office of the clerk of the district court of the countyin which the property so assigned is located; as shall all subsequent papers connected with suchproceedings.
Amended by Chapter 378, 2010 General Session