Section 35. Bona fide purchases or assignments of real estate
Provided, I. That no purchase for assignment of the real estate of such insolvent, situate within the county made bona fide, and for a valuable consideration, before the date of the assignment to the said trustees, by or to any person not having actual notice or knowledge of the petition aforesaid, shall be invalidated or impeached thereby.
II. That no purchase or assignment of the real estate of such insolvent, situate in any other county, made bona fide, and for a valuable consideration, before the recording of the assignment to such trustees in such other county, by or to any person not having actual notice or knowledge of such petition or assignment, shall be invalidated or impeached thereby.
III. That no purchase or assignment of the personal property of such insolvent, made bona fide, and for a valuable consideration, by or to any person not having actual notice or knowledge of such petition or assignment, shall be invalidated or impeached thereby.
IV. That if any person indebted to such insolvent, or having possession of any of his property, shall bona fide pay the said debt, or deliver the said property to the said insolvent, before public notice given by the said trustees, as herein provided, and without having had actual notice or knowledge of such petition or assignment, he shall not be liable to pay or deliver the same to such trustees.
V. That every insolvent shall be entitled to retain all such articles as may by law be exempted from levy and sale upon execution. 1836, June 16, P.L. 729, Sec. 35.