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50 U.S.C. § 4133Transfers and assignments

submitted 78 years ago by Pub. L. 87-846 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 91 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section covers Transfers and assignments. It states the specific rules, duties, limits, or procedures set out in the section.

The transfer or assignment for value of any property forming the subject matter of a claim under subsection (a) or (b) of section 4132 of this title subsequent to its damage, loss, or destruction must not operate to extinguish any claim of the transferor otherwise compensable under either of such subsections. If a claim which could otherwise be allowed under subsection (a) or (b) of section 4132 of this title has been assigned for value before October 22, 1962 , the assignee must be the party entitled to claim under that law.
the actual law source: uscode.house.gov ↗public domain

The transfer or assignment for value of any property forming the subject matter of a claim under subsection (a) or (b) of section 4132 of this title subsequent to its damage, loss, or destruction shall not operate to extinguish any claim of the transferor otherwise compensable under either of such subsections. If a claim which could otherwise be allowed under subsection (a) or (b) of section 4132 of this title has been assigned for value prior to October 22, 1962, the assignee shall be the party entitled to claim thereunder.

Source credit: (July 3, 1948, ch. 826, title II, § 203, as added Pub. L. 87–846, title I, § 103, Oct. 22, 1962, 76 Stat. 1109.)

history & why it existsrecord from the source credit
  • 1948Enacted · Pub. L. 87-846 · 76 Stat. 1109

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-846 on 1948-07-03.

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