Delaware Uniform Assignment for the Benefit of Creditors Act, 10 Del. C. § 7305A(a): the assignee takes the assets (10 Del. C. § 7305A(a))
In an assignment for the benefit of creditors under Delaware's act in force since 10 June 2026, the company's assets, its records included, pass to the assignee, who then holds them.
Dated 21 Oct 2026Source checked 21 Oct 2026Quote found on its page again 21 Oct 2026Basis: primary text
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“(a) An assignee obtains the rights, title, and interests of the assignor in the assigned assets.”
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