10-1-9
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10-1-9.
(a)
Any retail seller may assign, pledge, hypothecate, or otherwise transfer a
retail installment contract or revolving account to any person, firm, or
corporation on such terms and conditions and for such price as may be mutually
agreed upon. Unless the buyer has notice of the assignment, payment thereunder
made by the buyer to the last known owner of the contract or account shall be
binding on all subsequent owners thereof.
(b)
In no event will any such assignment bar any right of action against the seller
arising as a result of this article, nor will any such assignment bar any
defense against the sales finance company or other assignee arising as a result
of subsection (b) of Code Section 10-1-15.