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SB 275, 54th R.S.
Relating to amending certain Acts relating to protected Assignments of Accounts Receivable regardless of whether such accounts are in existence at the time notice of assignments is filed; defining "Account" or "Account Receivable"; providing for the form and filing of notices relating thereto; providing for the filing, cancellation, satisfaction, and release of such notice; and providing the duties and fees of the County Clerk in connection therewith; providing that the recording of such notices shall constitute constructive notice regardless of whether the contract out of which the accounts arose was in the contemplation of the assignor and assignee when the notice of assignment was executed.

Author: George M. Parkhouse

Subjects:
Business & Commerce--General


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