Section 6-5-286

Defenses to actions on promissory notes, bonds, or other contracts.

Except as may be otherwise provided by the Uniform Commercial Code, actions on promissory notes, bonds, or other contracts, express or implied, for the payment of money are subject to any defense the payor, obligor, or debtor had against the payee, obligee, or creditor previous to notice of assignment or transfer.

(Code 1852, §2129; Code 1867, §2523; Code 1876, §2890; Code 1886, §2594; Code 1896, §28; Code 1907, §2489; Code 1923, §5699; Code 1940, T. 7, §126; Acts 1965, No. 549, p. 811.)