No deed of assignment shall be invalid which excepts from the operation thereof the property which by law is not subject to levy and sale under execution.
Source: L. 1897: p. 101, � 26. R.S. 08: � 202. C.L. � 6269. CSA: C. 12, � 29. CRS 53: � 11-1-29. C.R.S. 1963: � 11-1-29.