681.1 Must be without preferences. No general assignment of property by an insolvent person, firm, or corporation, or in contemplation of insolvency, for the benefit of creditors, shall be valid unless it be made forthe benefit of all the creditors in proportion to the amount of their respective claims; and inevery such assignment the assent of the creditors shall be presumed. [C51, §977, 978; R60, §1826, 1827; C73, §2115, 2116; C97, §3071; C24, 27, 31, 35, 39, §12720; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §681.1] Sat Dec 23 12:25:37 2023 Iowa Code 2024, Section 681.1 (16, 0)
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