Code of Virginia § 8.9A-401. Alienability of debtor's rights.
86 words·~1 min read·
/va/chapter-4/8-9a-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Other law governs alienability; exceptions. Except as otherwise provided in subsection
(b)and §§ 8.9A-406 through 8.9A-409 , whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this title.
(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.
1964, c. 219, § 8.9-311; 2000, c. 1007 .