Prospective

Part 1SAssignation

Chapter 1SAssignation of claims, protection of debtors and related matters

Protection of debtorsS

11Further provision as to protection of debtorS

(1)Subsection (2) applies where—

(a)the holder of a claim purports to assign the claim (or the same part of the claim) by means of more than one assignation document, each in favour of a different person,

(b)the claim (or part) is transferred to one of those persons,

(c)the debtor, or any co-debtor, receives notice of the purported assignation to the other (or, as the case may be, another) of those persons (the “purported assignee”), from the person who granted the purported assignation or from the purported assignee, in the manner mentioned in section 8(1)(a) or (b)(ii), and

(d)by virtue of that notice, the debtor, or any co-debtor, performs in good faith to the purported assignee.

(2)The debtor, or (where there are two or more co-debtors) each of the co-debtors, is discharged from the claim (or part) to the extent of the performance.

(3)Section 10(3) applies for the purposes of subsection (2) as it applies for the purposes of section 10(2).

Commencement Information

I1S. 11 not in force at Royal Assent, see s. 121(2)