509.480. Reduction of assigned claims to the extent of all counterclaims.
Reduction of assigned claims to the extent of all counterclaims.
509.480. Except as otherwise provided by law as tonegotiable instruments, every assigned claim shall be subject tobe reduced to the extent of all counterclaims which the obligorhad against the plaintiff's assignor at the time of notice of theassignment.
(L. 1943 p. 353 § 80)