s.5Legal assignments of things in action.
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Section 5Part 0 —

Legal assignments of things in action.

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Subject to subsection (2), any absolute assignment by writing signed by the assignor or the assignor's agent lawfully authorised in writing (not purporting to be by way of charge only) of any debt or thing in action, of which express notice in writing has been given to the person from whom the assignor would have been entitled to claim such debt or thing in action, is effectual in law (subject to equities having priority over the right of the assignee) to pass and transfer from the date of such notice —
the legal right to such debt or thing in action;
all legal and other remedies for the same; and
the power to give a good discharge for the same without the concurrence of the assignor.
If the person liable in respect of such debt or thing in action has notice —
that the assignment is disputed by the assignor or any person claiming under that assignor; or
of any other opposing or conflicting claims to such debt or thing in action, that person may, if that person thinks fit, either call upon the person making claim thereto to interplead concerning the same, or pay the debt or other thing in action into court under the Trusts Act (2021 Revision) or any statutory modification or successor thereto.

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