US Laws, Codes, Statutes & Cases

 
    §  5-330  Instruments  assigning  or  pledging  awards. In case of the
  pledge, sale, transfer or assignment of an award by the person  entitled
  to  receive  the  same by virtue of the final decree of the court, or by
  other order of the court, the instrument evidencing such  pledge,  sale,
  transfer  or  assignment,  acknowledged  or  proved  as  instruments are
  required to be acknowledged or proved for the recording of transfers  of
  real  property,  shall  be  filed  in the office of the comptroller, who
  shall endorse on such instrument its number and the hour, day, month and
  year of its receipt. If an assignment of an award  be  contained  in  an
  instrument  recorded  in  an  office in which instruments affecting real
  property are by law required to be recorded, a  certified  copy  thereof
  may  be filed in the office of the comptroller in place of the original.
  An alphabetical index shall be kept under the names of  the  pledgor  or
  assignor,  and  of  the  pledgee  or  assignee, stating the title of the
  proceeding, the time of the filing of the instrument,  the  file  number
  thereof, and what part of the award is assigned thereby. A memorandum of
  the  file  number  of the instrument shall be made by the comptroller on
  the duplicate decree of the court opposite the place where the amount of
  the award so assigned is set forth. Every such instrument not  so  filed
  shall  be  void  as  against  any subsequent pledgee or assignee in good
  faith and  for  a  valuable  consideration  from  the  same  pledgor  or
  assignor, his or her heirs, administrators or assigns, of the same award
  or  any  portion thereof, the assignment of which is first duly filed in
  the office of the comptroller. Payment to the assignee or pledgee  shown
  to  be  entitled  to  the  award  by  such  record  in the office of the
  comptroller shall protect the city from liability to any other person or
  persons.