GroundRules
31-2-212: Assignee takes subject to rights of third parties.
Where this section sits in the code
- TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS
- CHAPTER 2. DEBTOR AND CREDITOR RELATIONSHIPS
- Part 2. Assignments for Benefit of Creditors
An assignee for the benefit of creditors is not to be regarded as a purchaser for value and has no greater rights than the assignor has in respect to things in action transferred by the assignment.
Collected 2026-09-14T04:51:45Z. Source file · JSON