https://www.taxtmi.com/caselaws?id=168829 Money standing to the credit of a provident fund subscriber is an actionable claim because the subscriber has a right to receive a definite sum, not ownership of specific coins. Such a claim may be assigned by way of collateral security, and the assignee acquires the transferor's rights and remedies subject to any personal disability under law. Where the assignee was personally barred from enforcing the claim and instead chose to sue only on the underlying hand-note, the later suit founded on the assignment was treated as barred after abandonment of the security. The document states that the provident fund claim is transferable, but enforcement depends on the assignee's legal capacity and election of remedy. en-us Mon, 19 Aug 1935 00:00:00 +0530 Tue, 31 Mar 2015 10:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168829 Money standing to the credit of a provident fund subscriber is an actionable claim because the subscriber has a right to receive a definite sum, not ownership of specific coins. Such a claim may be assigned by way of collateral security, and the assignee acquires the transferor's rights and remedies subject to any personal disability under law. Where the assignee was personally barred from enforcing the claim and instead chose to sue only on the underlying hand-note, the later suit founded on the assignment was treated as barred after abandonment of the security. The document states that the provident fund claim is transferable, but enforcement depends on the assignee's legal capacity and election of remedy. Case-Laws Indian Laws Mon, 19 Aug 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168829