39 Pa. Stat. § 163

Current through Pa Acts 2024-53, 2024-56 through 2024-127
Section 163 - Preference prohibited

All assignments of property in trust which shall hereafter be made by debtors to trustees, on account of inability at the time of the assignments to pay their debts, to prefer one or more creditors, (except for the payment of wages of labor,) shall be held and construed to inure to the benefit of all the creditors in proportion to their respective demands; and all such assignments shall be subject in all respects to the laws now in force relative to voluntary assignments: Provided, That the claims of laborers thus preferred shall not severally exceed the sum of fifty dollars.

39 P.S. § 163

1843, April 17, P.L. 273, § 1.