(a) Except as otherwise provided in subsection (b) and §§ 9-406, 9-407, 9-408, and 9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this title.
(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 Maryland Statutes
Title 9 - Secured Transactions
Subtitle 4 - Rights of Third Parties
Section 9-401 - Alienability of Debtor's Rights
Section 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort
Section 9-403 - Agreement Not to Assert Defenses Against Assignee
Section 9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee
Section 9-405 - Modification of Assigned Contract
Section 9-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective