California, United States of America
The following excerpt is from Vollstedt Kerr Lumber Co. v. Production Homes, 130 Cal.App.2d 507, 279 P.2d 615 (Cal. App. 1955):
[130 Cal.App.2d 510] Appellants rely upon Brainard v. Fitzgerald, 3 Cal.2d 157, 163, 44 P.2d 336, 339, where it was held that the general assignment for the benefit of creditors prevailed over a subsequent attachment, and that the assignment was not a violation of section 3440 of the Civil Code, and wherein it was further said:
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.