Alienability of Debtor's Rights: Judicial Process

Alienability of Debtor’s Rights: Judicial Process. The debtor’s rights in collateral may be voluntarily or involuntarily transferred (by way of sale, creation of a security interest, attachment, levy, garnishment or other judicial process) notwithstanding a provision in the security agreement prohibiting any transfer or making the transfer constitute a default. Source: PL 3-56, § 1 (§ 9311).