(a) Except as otherwise provided in subsection (b) and §§ 4-9-406 — 4-9-409, 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 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Part 4 - Rights of Third Parties
§ 4-9-401. Alienability of debtor's rights
§ 4-9-402. Secured party not obligated on contract of debtor or in tort
§ 4-9-403. Agreement not to assert defenses against assignee
§ 4-9-404. Rights acquired by assignee — Claims and defenses against assignee
§ 4-9-405. Modification of assigned contract
§ 4-9-409. Restrictions on assignment of letter-of-credit rights ineffective