A Treatise On the Common And Statute Law of the State of New York Relating to Insolvent Debtors : Including Article First, Second And Third of Title 1, Chapter Xvii of the Code of Civil Procedure, And the Law of Voluntary Assignments for the Benefit of Cr

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First Nat. Bk. of Plainfield, 34 N. J. Eq. 450 ; Van Winkle v. Armstrong, 41 Id.
402 ; Kimball v. Zee,iO N. J. Eq.403 ; Hoisted v. Straus, 32 Fed.
R. 279. But domestic creditors may proceed in disregard of such assignment if in substantial respects it is inconsistent with the New Jersey statute. In Bentley v. Whittemore, supra, it is said (p. 470) : " The true rule of law and public policy is this : that a voluntary assignment made abroad, inconsistent, in substantial respects, with our statute
..., should not be put in execution here to the detriment of our citizens, but that, for all other purposes, if valid by the lex loci, it should be carried fully into effect." 378 GENERAL ASSIGNMENTS. [CH. XVn.
In Blain v. Pool, 13 State E. 571, where an assignment with preferences was made in this State by debtors, one of whom owned real estate in New Jersey which was not taken possession of by the assignee, and was afterward conveyed by the debtor in discharge of firm debts, it was held that under the recent New Jersey decisions — Hentley v.


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