§ 9401
69 words·~1 min read·
/ca/commercial-code/9401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Except as otherwise provided in subdivision
(b)and in Sections 9406, 9407, 9408, and 9409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this division.
(b)An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.