Section 344(3)

For the purposes of subsections (1) and (2)— “assignment” includes an assignment by way of security or charge on book debts, and “general assignment” does not include— an assignment of book debts due at the date of the assignment from specified debtors or of debts becoming due under specified contracts, or an assignment of book debts included either in a transfer of a business made in good faith and for value or in an assignment of assets for the benefit of creditors generally.

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Source: legislation.gov.uk · retrieved 2026-09-04