§9-1401. Alienability of debtor's rights
(1). Except as otherwise provided in subsection (2) and sections 9‑1406, 9‑1407, 9‑1408 and 9‑1409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2). 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.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
11 §9-1401. Alienability of debtor's rights
11 §9-1402. Secured party not obligated on contract of debtor or in tort
11 §9-1403. Agreement not to assert defenses against assignee
11 §9-1404. Rights acquired by assignee; claims and defenses against assignee
11 §9-1405. Modification of assigned contract
11 §9-1409. Restrictions on assignment of letter-of-credit rights ineffective