PART 4. 
RIGHTS OF THIRD PARTIES



 



§490:9-401  Alienability of debtor's rights. 
(a)  Except as otherwise provided in subsection (b) and sections 490:9-406,
490:9-407, 490:9-408, and 490:9-409, 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. [L 2000, c 241, pt of §1]