§ 9—401.
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/vt/9-72A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 9—401. Alienability of debtor’s rights
(a)Except as otherwise provided in subsection
(b)of this section and sections 9—406 through 9—409 of this title, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.
(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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)