v2912-307

Document Title Page

INDEX

Page

Statement of Jurisdiction 1

Question Presented 3

Statement of the Case 3

Specification of Errors 7

Summary of Argument 9

Argument 15

  1. Transfers (including assignments) are valid

as against trustee in bankruptcy except as

provided in 60, 67 and 70 of the Bank-

ruptcy Act 15

II. The assignment here is not invalidated by

60a (1) and (2) or 70c of the Bankruptcy

Act 19

  1. 60a (1) and (2) and 70c recognize as

valid transfers which, under applicable

state law, are valid as against execution

creditors of assignor 19

  1. A partner's interest in the partnership is

intangible personal property under the

Uniform Partnership Act and is assign-

able 23

  1. Under Washington Law, assignments of

intangible personal property rights are

valid as against execution creditors, with

only three exceptions 29

  1. The three exceptions to validity of as-

signments under Washington law are not

applicable here 37

  1. The assignment of a partnership in-

terest is not the assignment of an

account receivable 37


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