(a) Except as otherwise provided in (b) of this section and AS 45.29.406 - 45.29.409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
(b) An agreement between the debtor and secured party that prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.
Structure Alaska Statutes
Chapter 29. Secured Transactions
Article 4. Rights of Third Parties.
Sec. 45.29.401. Alienability of debtor's rights.
Sec. 45.29.402. Secured party not obligated on contract of debtor or in tort.
Sec. 45.29.403. Agreement not to assert defenses against assignee.
Sec. 45.29.404. Rights acquired by assignee; claims and defenses against assignee.
Sec. 45.29.405. Modification of assigned contract.
Sec. 45.29.409. Restrictions on assignment of letter-of-credit rights ineffective.