577.07 FRAUDULENT CONVEYANCES. In all cases of general assignments for the benefit of creditors, the assignee shall represent the creditors of the assignor as against all transfers and conveyances of the assignor’s property which were fraudulent as to them, and shall have all the rights of such creditors in their avoidance. History: (9788) RL s […]
577.11 DEFINITIONS. (a) The definitions in this section and in section 576.21 apply throughout this chapter unless the context requires otherwise. (b) “Assignee” means the person to whom the assignment property is assigned. (c) “Assignment property” means the property assigned pursuant to the provisions of this chapter. (d) “Assignor” means the person who assigns the […]
577.12 REQUISITES. A person may execute a written assignment of property to one or more assignees for the benefit of creditors in conformity with the provisions of this chapter. Every assignment for the benefit of creditors subject to this chapter made by an assignor of the whole or any part of the assignor’s property, real […]
577.13 FORM OF ASSIGNMENT. An assignment for the benefit of creditors under this chapter shall be signed by the assignor and duly acknowledged in the same manner as conveyances of real property before a notary public of the state, shall include an acceptance of the assignment by the assignee, and shall be in substantially the […]
577.14 DUTY OF COURT ADMINISTRATOR. The court administrator shall endorse the day, hour, and minute of the filing of the assignment. The assignment shall be entered in the court administrator’s register, and all papers filed and orders made in the matter of the assignment shall be noted therein as in the case of a civil […]
577.15 ASSIGNEE AS LIEN CREDITOR; REAL PROPERTY RECORDING. Subdivision 1. Assignee as lien creditor. As of the filing of the assignment, the assignee shall have the powers and priority of a creditor that obtained a judicial lien at the time of assignment pursuant to sections 548.09 and 550.10 on all of the assignment property subject […]
577.16 NOTICE. The assignee shall give notice of the assignment to all creditors and other parties in interest actually known to the assignee by mail or other means of transmission within 21 days after the time of assignment. The notice of the assignment shall include the time of assignment and the names and addresses of […]
577.17 REMOVAL OF ASSIGNEE. The court may remove the assignee and appoint another assignee by application of the standards and procedures under section 576.37. The order of removal and appointment shall transfer all of the assignment property to the new assignee, and with respect to real property may be recorded in the same manner as […]
577.18 APPLICATION OF CHAPTER GOVERNING RECEIVERSHIPS. Except as otherwise provided in this chapter, an assignee shall be treated as a general receiver, the assignment property shall be treated as receivership property, and all proceedings following the filing of the assignment shall be governed by sections 576.21 to 576.53. History: 2012 c 143 art 2 s […]
