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General Laws

[ Subsection (a) effective until July 1, 2013. For text effective July 1, 2013, see below.]

  Section 9-401. (a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and Sections 9-405, 9-406, 9-407, and 9-408, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

[ Subsection (a) as amended by 2013, 30, Sec. 74 effective July 1, 2013 applicable as provided by 2013, 30, Sec. 116. For text effective until July 1, 2013, see above.]

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

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