Rhode Island General Laws 28-15-2. Maximum period of assignment – Form and contents
No assignment of future earnings or wages shall be valid:
(1) For a period exceeding one year from the date of the assignment;
(2) Unless made to secure a debt contracted prior to or simultaneously with the execution of the assignment;
(3) Unless executed in writing in the standard form set forth in § 28-15-3 and signed by the assignor in person and not by attorney; and
(4) Unless the assignment truly states the date of its execution, the money or the money value of goods actually furnished by the assignee and the rate of interest, if any, to be paid on it.
History of Section.
P.L. 1908, ch. 1551, § 1; G.L. 1909, ch. 260, § 1; G.L. 1923, ch. 304, § 1; G.L. 1938, ch. 292, § 1; G.L. 1956, § 28-15-2.
Terms Used In Rhode Island General Laws 28-15-2
- Assignment: as used in this chapter , includes every instrument purporting to transfer an interest in or an authority to collect the future earnings of any person. See Rhode Island General Laws 28-15-1
- in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6