50a U.S. Code Rule - Transfers and assignments

The transfer or assignment for value of any property forming the subject matter of a claim under subsection (a) or (b) ofsection 202 [section 2017a of this Appendix] 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) ofsection 202 [section 2017a of this Appendix] has been assigned for value prior to the enactment of this title [Oct. 22, 1962], the assignee shall be the party entitled to claim thereunder.

Source

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

 

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