Acts and Regulations

2011, c.160 - Financial Administration Act

Full text
Absolute assignment in writing
44(1)Subject to subsection (3), an absolute assignment in writing under the hand of the assignor of
(a) a debt due or becoming due from the Province under a contract, or
(b) any other debt of the Province prescribed by regulation,
of which notice has been given under section 45 is effectual in law subject to all equities that would have been entitled to priority over the right of the assignee if this section had not been enacted.
44(2)An assignment under subsection (1) transfers the debt and the power to give a discharge of that debt from the date of service of the notice under section 45.
44(3)Any amount due or becoming due by the Province as salary, wages, pay or pay and allowances is not assignable.
R.S.1973, c.F-11, s.51
Absolute assignment in writing
44(1)Subject to subsection (3), an absolute assignment in writing under the hand of the assignor of
(a) a debt due or becoming due from the Province under a contract, or
(b) any other debt of the Province prescribed by regulation,
of which notice has been given under section 45 is effectual in law subject to all equities that would have been entitled to priority over the right of the assignee if this section had not been enacted.
44(2)An assignment under subsection (1) transfers the debt and the power to give a discharge of that debt from the date of service of the notice under section 45.
44(3)Any amount due or becoming due by the Province as salary, wages, pay or pay and allowances is not assignable.
R.S.1973, c.F-11, s.51