Is the transfer of rights to proceeds of certificates of deposit legal

The transfer of the right to proceeds of certificates of deposit is legal. The transfer of the right to proceeds of certificates of deposit belongs to the transfer of the right to proceeds of the note, which includes the following property interests under the underlying note: 1, any inflow of proceeds arising from the note under any circumstances including but not limited to the bearer of the note prompting for payment; 2, any inflow of proceeds arising from the discounting, sale, or other disposition of the note; 3, any inflow of proceeds arising from the guarantee under the note; 4, any inflow of proceeds arising from the exercise of recourse to the indorser, the drawer, and other note debtors after the note has been refused payment. Any inflow of proceeds from the exercise of recourse against the endorser, drawer and other debtors of the Notes after the rejection of payment; 5. Any inflow of proceeds from other interests derived from the Notes under any circumstances; 6. Any other rights agreed by the parties to the underlying transaction.

Article 215 of the Chinese People's **** and National Code Article 215 A contract between the parties relating to the establishment, alteration, transfer and extinguishment of a property right in real estate shall, unless otherwise provided by law or agreed upon by the parties, enter into force from the time of the establishment of the contract; the absence of registration of the property right shall have no effect on the validity of the contract. Article 229 Where the establishment, alteration, transfer or extinction of the right of property is caused by a legal instrument of a people's court or an arbitration institution or an expropriation decision of the people's government, it shall take effect from the time when the legal instrument or the expropriation decision takes effect.