Law Amendment and Reform (Consolidation) Ordinance

9.
Assignment of debt or chose in action
Any absolute assignment, by writing under the hand of the assignor (not purporting to be by way of charge only), of any debt or other legal chose in action, of which express notice in writing has been given to the debtor, trustee or other person from whom the assignor would have been entitled to receive or claim such debt or chose in action, shall be and be deemed to have been effectual in law (subject to all equities which would have been entitled to priority over the right of the assignee if this section,
section 11
of this Ordinance and
sections 25
and
49
of the Conveyancing and Property Ordinance (
Cap. 219
) had not been enacted) to pass and transfer the legal right to such debt or chose in action from the date of such notice, and all legal and other remedies for the same, and the power to give a good discharge for the same, without the concurrence of the
assignor:
Provided that if the debtor, trustee or other person liable in respect of such debt or chose in action has had notice that such assignment is disputed by the assignor or any one claiming under him or of any other opposing or conflicting claims to such debt or chose in action, he shall be entitled to call upon the several person making claim thereto to interplead concerning the same, or he may pay the same into the court under and in conformity with the provisions of any Ordinance relating to trustees.
(
4 of 1901 s. 8
incorporated. Amended
50 of 1911
;
1 of 1912
Schedule;
31 of 1988 s. 30
)
[cf. 1873 c. 66 s. 25(6) U.K.]