Unless notice has been given to the retail buyer of actual or intended assignment of a retail installment contract or installment loan contract, payment thereunder or tender thereof made by the retail buyer to the last-known holder of such contract shall be binding upon such subsequent holder or assignee.
(1949 Rev., S. 6699, (a) 5; 1957, P.A. 361, S. 1 (a) 5.)
History: Sec. 42-93 transferred to Sec. 36a-780 in 1995.
See Sec. 42a-9-203 re attachment and enforceability of security interests.