Code · North Carolina · Chapter 25 — Uniform Commercial Code

Part 4.

108 words·~1 min read·/nc/chapter-25/4-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Part 4. Rights of Third Parties.

§ 25-9-401. Alienability of debtor's rights.

(a)Other law governs alienability; exceptions. - Except as otherwise provided in subsection

(b)of this section and G.S. 25-9-406, 25-9-407, 25-9-408, and 25-9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.

(b)Agreement does not prevent transfer. - 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. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.)