§ 9-401
69 words·~1 min read·
/md/commercial-law/9-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–401.
(a)Except as otherwise provided in subsection
(b)and §§ 9-406, 9-407, 9-408, and 9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this title.
(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.