Source: http://www.mainelegislature.org/legis/statutes/11/title11sec9-1405.html
Timestamp: 2017-12-14 22:59:12
Document Index: 49112051

Matched Legal Cases: ['§9', '§9', '§9', '§9', '§9', '§2', '§4', '§2', '§4']

Title 11, §9-1405: Modification of assigned contract
§9-1405 PDF
§9-1405 MS-Word
§9-1406
§9-1405. Modification of assigned contract
(1). A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (2) through (4).
(2). Subsection (1) applies to the extent that:
(a). The right to payment or a part thereof under an assigned contract has not been fully earned by performance; or [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]
(b). The right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under section 9-1406, subsection (1). [1999, c. 699, Pt. A, §2 (NEW); 1999, c. 699, Pt. A, §4 (AFF).]
(4). This section does not apply to an assignment of a health-care-insurance receivable.