An assignment of a chose in action shall not prejudice any set-off or other defense existing at the time of the notice of the assignment. This section shall not apply to a negotiable promissory note or bill of exchange, transferred in good faith and upon good consideration before due except as provided in section 44-145.
A.R.S. § 44-144
Effect of assignment of chose in action upon defenses existing at time of assignment; exceptions
Applied in 2 court decisions — leading case General Accident Fire & Life Assurance Corp. v. Little (1968)
Most recently applied in Certified Collectors, Inc. v. Lesnick (October 1977)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.