Title 50 — War and National DefenseRelease 119-73not60
§4133 Transfers and Assignments
Title 50 › Chapter 51— WAR CLAIMS › Subchapter II— TITLE II OF WAR CLAIMS ACT OF 1948 › § 4133
Summary
If someone sells or transfers property for money after it was damaged, lost, or destroyed, that sale does not cancel the seller’s claim for payment under the law that allows such claims. If the sale or assignment happened before October 22, 1962, the buyer (assignee) is the one entitled to make the claim.
Full Legal Text
Title 50, §4133
War and National Defense — Source: USLM XML via OLRC
The transfer or assignment for value of any property forming the subject matter of a claim under subsection (a) or (b) of section 4132 of this title subsequent to its damage, loss, or destruction shall not operate to extinguish any claim of the transferor otherwise compensable under either of such subsections. If a claim which could otherwise be allowed under subsection (a) or (b) of section 4132 of this title has been assigned for value prior to October 22, 1962, the assignee shall be the party entitled to claim thereunder.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was formerly classified to section 2017b of the former Appendix to this title prior to editorial reclassification and renumbering as this section.
Reference
Citations & Metadata
Citation
50 U.S.C. § 4133
Title 50 — War and National Defense
Last Updated
Apr 5, 2026
Release point: 119-73not60