Civil Code Article 716June 19, 2019

The payee may transfer the security payable by an assigned person to a third party, except the assignor has inserted in the securities itself that transfer is forbidden. "The transfer specified in the preceding paragraph shall be made by endorsement. "If the assignee accepts the assignment in favor of the transferee, he shall not take whatever resulting from his legal relationship with the payee as valid defenses against the transferee.

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