Section 31. An insolvent shall be entitled to the same exemption out of the assigned estate as he would be, had an execution been issued against him. Any lien or claim for wages, for rent, of mechanics or material men, or otherwise, which by virtue of any act of Assembly would be preferred in case of an execution, shall retain its preference in case of an assignment, and to the same extent. Rent accruing after the date of the assignment, and wages necessarily incurred in service rendered to or for the assignee or receiver, shall be paid as part of the expenses appertaining to the assignment. Except as herein otherwise provided, all and every interest, claim, and estate in the property shall be discharged or divested by an assignee's or receiver's sale, if it would have been discharged or divested by a sale under an execution at the time of the assignment, and not otherwise.
(31 amended Jun. 19, 1911, P.L.1069, No.817)