15-9-23. Action by assignee subject to setoff or defense--Negotiable instruments excepted.
61 words·~1 min read·
/sd/title-15/chapter-15-9/15-9-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In case of an assignment of a thing in action, the action by the assignee shall be without prejudice to any setoff or other defense existing at the time of, or before notice of the assignment; but this section shall not apply to a negotiable promissory note or bill of exchange, transferred in good faith and upon good consideration before due.