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N.Y. Gen. Oblig. Law § 5-1107

Written assignment

Applied in 4 court decisions — leading case Exel, Inc. v. Southern Refrigerated Transport, Inc. (2015)

Most recently applied in Stein v. Reisner (December 2016)

2014-09-22

§ 5-1107. Written assignment. An assignment shall not be denied the\neffect of irrevocably transferring the assignor's rights because of the\nabsence of consideration, if such assignment is in writing and signed by\nthe assignor, or by his agent.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.