41-09-63. (9-401) Alienability of debtor's rights.
66 words·~1 min read·
/nd/title-41/chapter-41-09-secured-transactions/41-09-63·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. Except as otherwise provided in subsection 2 and sections 41-09-68 through
41-09-71, whether a debtor's rights in collateral may be voluntarily or involuntarily
transferred is governed by law other than this chapter.
2. 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.