I know from experience that it does in fact hold, but I will concede that there is enough dispute about it that if someone is really concerned they should got through 'legal' channels. But since law is higher than legality, and all you actually need is proof of date tied to your name and maybe witnesses to attest to it, the poor man's method does work. Just as a verbal agreement is still a valid lawful contract in the US though no one trusts it anymore.
Later.
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