539.1 Assignment of nonnegotiable instruments. Bonds, due bills, and all instruments by which the maker promises to pay another, without words of negotiability, a sum of money, or by which the maker promises to pay a sum ofmoney in property or labor, or to pay or deliver any property or labor, or acknowledges anymoney, labor, or property to be due, are assignable by endorsement on the instrument, orby other writing. The assignee, including a person who takes assignment for collection inthe regular course of business, has a right of action on them in the assignee’s own name,subject to any defense or counterclaim which the maker or debtor had against an assignorof the instrument before notice of the assignment. In case of conflict between this sectionand section 554.5112, 554.5113, 554.5114, 554.9404, or 554.9405, section 554.5112, 554.5113,554.5114, 554.9404, or 554.9405 controls. [C51, §949; R60, §1796; C73, §2084; C97, §3044; C24, 27, 31, 35, 39, §9451; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §539.1; 82 Acts, ch 1235, §1] 94 Acts, ch 1167, §4; 96 Acts, ch 1026, §17; 2000 Acts, ch 1149, §172, 187Related provision, R.C.P. , 31, 35, 39, §9451; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §539.1; 82 Acts, ch 1235, §1] 94 Acts, ch 1167, §4; 96 Acts, ch 1026, §17; 2000 Acts, ch 1149, §172, 187Related provision, R.C.P. 1.205 Sat Dec 23 01:41:44 2023 Iowa Code 2024, Section 539.1 (16, 0)
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