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What are the legal provisions for the transfer of creditor's rights?
Legal basis: Civil Code of People's Republic of China (PRC).
Article 546 Assignment of Creditor's Rights Without notifying the debtor, the assignment shall not have effect on the debtor.
The notice of assignment of creditor's rights shall not be revoked, except with the consent of the transferee.
Article 547 Where a creditor assigns a creditor's right, the assignee obtains the subordinate rights related to the creditor's right, except that the subordinate rights belong exclusively to the creditor. The transferee's acquisition of subordinate rights is not affected by the failure to go through the transfer registration formalities or transfer possession of subordinate rights. Article 548? After receiving the notice of assignment of creditor's rights, the debtor may claim the assignor's defense against the assignee.
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