Amendment status not verified — confirm the current text below against the official source.
In the absence of a contract or local usage to the contrary, all rents annuities, pensions, dividends and other periodical payments in the nature of income shall, upon the transfer of the interest of the person entitled to receive such payments, be deemed, as between the transferor and the transferee, to accrue due from day to day, and to be apportion able accordingly, but to be payable on the days appointed for the payment thereof.