The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 58th Legislature, 1st Regular Session, which convenes in January 2027.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
44-604 - Effect of assignment; assignment agreement; effective date
44-604. Effect of assignment; assignment agreement; effective date
A. An assignee obtains the rights, title and interests of the assignor in the assigned assets.
B. If the assignor is an organization, an assignee obtains the rights, title and interests of the assignor in assets acquired after the assignment.
C. Except as provided in section 44-609, subsection B, paragraph 12, an assignee takes each assigned asset subject to an existing interest in the asset held by another person.
D. An assignee holds the assigned assets subject to the assignee's duties under section 44-608.
E. An assignment is subject to other laws under which the assignment may be fraudulent or otherwise voidable.
F. The effective date of an assignment agreement is the date the agreement is signed by the last party to the agreement that is required to sign the agreement unless a later date is identified in the agreement as the effective date.