South Australian Current Acts South Australian Current Acts15—Assignment of debts and choses in action
(1) Any absolute
assignment by writing under the hand of the assignor (not purporting to be by
way of charge only) of any debt or other legal chose in action, of which
express notice in writing has been given to the debtor, trustee, or other
person from whom the assignor would have been entitled to receive or claim
such debt or chose in action, shall be effectual in law (subject to equities
having priority over the right of the assignee), to pass and transfer from the
date of such notice—
(a) the
legal right to such debt or chose in action; and
(b) all
legal and other remedies for the same; and
(c) the
power to give a good discharge for the same, without the concurrence of the
assignor.
(2) However, if the
debtor, trustee, or other person liable in respect of such debt or chose in
action has notice—
(a) that
such assignment is disputed by the assignor, or any person claiming under him;
or
(b) of
any other opposing or conflicting claims, to such debt or chose in action,
he may, if he thinks fit, either call upon the persons making claim thereto to
interplead concerning the same, or pay the debt or other chose in action into
court, under the provisions of the Trustee Act 1936 .