28-9-401. ALIENABILITY OF DEBTOR’S RIGHTS. (a) Except as otherwise provided in subsection (b) of this section and sections 28-9-406, 28-9-407, 28-9-408 and 28-9-409, 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.
History:
[28-9-401, added 2001, ch. 208, sec. 2, p. 756.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 9 - SECURED TRANSACTIONS
Part 4 - RIGHTS OF THIRD PARTIES
Section 28-9-401 - ALIENABILITY OF DEBTOR’S RIGHTS.
Section 28-9-402 - SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
Section 28-9-403 - AGREEMENT NOT TO ASSERT DEFENSES AGAINST ASSIGNEE.
Section 28-9-404 - RIGHTS ACQUIRED BY ASSIGNEE — CLAIMS AND DEFENSES AGAINST ASSIGNEE.
Section 28-9-405 - MODIFICATION OF ASSIGNED CONTRACT.
Section 28-9-409 - RESTRICTIONS ON ASSIGNMENT OF LETTER OF CREDIT RIGHTS INEFFECTIVE.