General Obligations Law 13-105 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 13-103 Transfer of judgment for sum of money up TITLE 1 Transferability; Effect of Transfer next SECTION 13-107 Claims or demands transferred with bond unless reserved Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 13-105 Effect of transfer of claim or demand General Obligations (GOB) CHAPTER 24-A, ARTICLE 13, TITLE 1 § 13-105. Effect of transfer of claim or demand. Where a claim or demand can be transferred, the transfer thereof passes an interest, which the transferee may enforce by an action or special proceeding, or interpose as a defense or counter-claim, in his own name, as the transferrer might have done; subject to any defense or counter-claim, existing against the transferrer, before notice of the transfer, or against the transferee. But this section does not apply, where the rights or liabilities of a party to a claim or demand, which is transferred, are regulated by special provision of law; nor does it vary the rights or liabilities of a party to a negotiable instrument, which is transferred.