39 Pa. Stat. § 73

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 73 - Impeaching transactions by assignee or receiver

Provided, I. That no purchase or assignment of the real or personal property of such insolvent, made bona fide and for a valuable consideration, before the recording of the assignment or of the appointment of a receiver in the county where such purchase or assignment is made, by or to any person not having actual notice or knowledge of such insolvency, or of the assignment or petition, shall be invalidated or impeached thereby, unless voidable under the other provisions of this act:

II. That if any person indebted to such insolvent, or having possession of any of his property, shall bona fide pay the said debt or deliver the said property to the said insolvent, without having had actual notice or knowledge of such petition or assignment, he shall not be liable to pay or deliver the same to such assignee or receiver.

39 P.S. § 73

1901, June 4, P.L. 404, § 17.