In the case of an assignment of a matter in dispute, the action by the assignee is without prejudice to any set-off or other right existing at the time of notice of the assignment, or before, but this is not applicable to the cession of a negotiable instrument transferred in good faith and for value received before maturity.
History —Civil Code, 1930, added as § 1417A on May 12, 1980, No. 39, p. 101, § 1.