(1) Any person may assign any or all of the person’s rights in
accounts, secured sales contracts, instruments and other intangible property. In
making such assignment, the right in accounts, secured sales contracts,
instruments and other intangible property may be assigned.
(2) The terms of the agreement concluded between the obligor and
the assignor shall also apply to the assignee.
(3) Except as otherwise provided in this Section, it shall not be
required to give any information to the obligor for the attachment, maturity
or enforcement of a security interest arising from an assignment.
(4) Where information of an assignment is required to be given to
the obligor, such information shall be given in writing, and the information
shall identify the rights assigned and be signed by the assignor or the assignee.
(5) After being informed of an assignment, the obligor shall perform
his or her obligation by making payment to the assignee and not the assignor.
If so requested by the obligor, the assignee shall furnish timely and sufficient
evidence that the assignment has been made. In the event of failure of the
assignee to provide adequate evidence of assignment, the obligor may perform
his or her obligation by paying the assignor even if the obligor has received a
notice of assignment.