Alienability of debtor’s rights

ALIENABILITY OF DEBTOR’S RIGHTS (a) Except as otherwise provided in subsection (b) of this section and Sections 1-9-406, 1-9-407, 1-9-408, and 1-9-409 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 by Laws 2000, c. 371, § 70, eff. July 1, 2001.