Statute · California Civil Code
Cal. Civ. Code § 1459 — TRANSFER OF OBLIGATIONS
Cal. Civ. Code § 1459
- Type
- Statute
- Source
- California Civil Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A non-negotiable written contract for the payment of money or personal property may be transferred by indorsement, in like manner with negotiable instruments. Such indorsement shall transfer all the rights of the assignor under the instrument to the assignee, subject to all equities and defenses…
Citator
Cal. Civ. Code § 1459 — TRANSFER OF OBLIGATIONS is in force in the current edition of the Code, and nothing recorded condemns it.
A non-negotiable written contract for the payment of money or personal property may be transferred by indorsement, in like manner with negotiable instruments. Such indorsement shall transfer all the rights of the assignor under the instrument to the assignee, subject to all equities and defenses existing in favor of the maker at the time of the indorsement.