| The assignment will be effective upon execution of an assignment agreement signed by the Parties and the assignee. |
| The creditors may appoint a committee to assist the assignee in the exercise of his functions. |
| I therefore find that the assignment was valid and the assignee could sue in its own name. |
| In fact, it was the assignee of the legatee, but the difference is immaterial. |
| The rights of the assignee may take precedence over the rights of any person claiming a death benefit. |
| Assignment results in the transfer from the assignor to the third-party assignee of the right to proceed directly against the debtor or obligor. |
