Section 150 Property and Conveyancing Law of the Western Region of Nigeria 1959

Section 150 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Legal assignments of things in action. It provides as follows:

(1) Any absolute assignment by writing under the hand of the assignor (not
purporting to be by way of charge only) of any debt or other legal thing in action, of
which express notice in writing has been given to the debtor, trustee or other person
from whom the assignor would have been entitled to claim such debt of thing in
action, is effectual in law (subject to equities having priority over the right of the
assignee) to pass and transfer from the date of such notice

(a) the legal right to such debt or thing in action;

(b) all legal and other remedies for the same; and

(c) the power to give a good discharge for the same without the concurrence of the
assignor:

Provided that, if the debtor, trustee or other person liable in respect of such debt or
thing in action has notice

(a) that the assignment is disputed by the assignor or any person claiming under him;
or
(b) of any other opposing or conflicting claims to such debt or thing in action; he may, if he thinks fit, either call upon the persons making claim thereto to interplead concerning the same, or pay the debt or other thing in action into court under the provisions of the Trustee Law.

(2) This section does not affect the provision of any enactment relating to policies of assurance.