Exempt property excepted from assignment
Applied in 1 court decision — leading case In Re Lynch (1995)
Most recently applied in In Re Lynch (August 1995)
Effective: October 1, 1953; Latest Legislation: House Bill 1 - 100th General Assembly
No assignment for the benefit of creditors shall include or cover any property exempt from levy or sale on execution, or exempt from being applied to the payment of debts by any legal process, unless in the assignment the exemption is expressly waived.
No such assignment shall include any property belonging to the wife of the assignor, nor require the assignor to deliver up any of such property.
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.