N.Y. Personal Property Law Section 406
Notice of assignment

  • payments

Unless the buyer has notice of actual or intended assignment of a contract, obligation, or credit agreement payment thereunder made by the buyer to the last known holder of such contract, obligation or credit agreement shall be binding upon all subsequent holders or assignees.

Source: Section 406 — Notice of assignment; payments, https://www.­nysenate.­gov/legislation/laws/PEP/406 (updated Sep. 22, 2014; accessed Jun. 22, 2024).

Jun. 22, 2024

Last modified:
Sep. 22, 2014

§ 406’s source at nysenate​.gov

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