Kentucky Revised Statutes Title XXX. Contracts § 371.040.Bonds, bills and notes assignable; effect of assignment

All bonds, bills or notes for money or property are assignable so as to vest the right of action in the assignee; but, except in the case of negotiable instruments, the assignment shall not impair the right to any defense, discount or set-off that the defendant has and might have used against the original obligee, or any intermediate assignor, before the defendant received notice of the assignment.