Arizona Revised Statutes § 44-1037 Notice By Creditors Of Consent To Assignment; Receipt By Creditor Of Portion Of Claim As Consent

44-1037. Notice by creditors of consent to assignment; receipt by creditor of portion of claim as consent

Creditors consenting to the assignment shall give the assignee written notice of consent within four months after publication of the notice required under section 44-1035, and a creditor not assenting shall not receive or take any benefit under the assignment. A creditor who has no actual notice of the assignment may make known his assent any time before any distribution of assets is made under the assignment. Receipt by a creditor of any portion of his claim from the assignee is conclusive evidence of the assent of such creditor to the assignment.

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Last modified: October 13, 2016