Cap. 16 Art. 1201Where debtor acceptsassignment of debt.

(1) Where a creditor has assigned his rights to a third party, and the debtor has unreservedly and unconditionally accepted such assignment, such debtor may no longer set up against the assignee any set-off which, before his acceptance of the assignment, he could have set up against the assignor.

(2) Where, however, the assignment was not accepted by the debtor, but notice thereof was served upon him, the assignment shall not be a bar to the set-off except with regard to such debts as are subsequent to the notice.