PocketLaw | Pennsylvania Consolidated Statutes | Rights of Third

Rights of Third Parties

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Alienability of debtor's rights

Secured party not obligated on contract of debtor or in tort

Agreement not to assert defenses against assignee

Rights acquired by assignee; claims and defenses against assignee

Modification of assigned contract

Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles and promissory notes ineffective

Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

Restrictions on assignment of promissory notes, health-care-insurance receivables and certain general intangibles ineffective

Restrictions on assignment of letter-of-credit rights ineffective

Chapter Notes