Creditor’s rights transferable without consent of debtor. Any creditor may, without the consent of the debtor, transfer all or any part of his rights against the debtor to any third party. The assignee is entitled by virtue of an assignment or transfer to sue in his own name as a real party in interest. This section does not preclude a contract between the parties prohibiting the assignment or transfer of the creditor’s rights against the debtor to a third party.
Last modified: February 27, 2006