30-9A-401. Alienability of debtor's rights. (1) Except as otherwise provided in 30-9A-406 through 30-9A-409 and subsection (2) of this section, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by applicable law other than this chapter.
(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.
History: En. Sec. 62, Ch. 305, L. 1999; Sec. 30-9-441, MCA 1999; redes. 30-9A-401 by Code Commissioner, 2001.
Structure Montana Code Annotated
Chapter 9A. Uniform Commercial Code Secured Transactions
Part 4. Rights of Third Parties
30-9A-401. Alienability of debtor's rights
30-9A-402. Secured party not obligated on contract of debtor
30-9A-403. Agreement not to assert defense against assignee
30-9A-404. Rights acquired by assignee -- claim and defenses against assignee
30-9A-405. Modification of assigned contract
30-9A-409. Restrictions on assignment of letter-of-credit rights ineffective
30-9A-410. through 30-9A-419 reserved
30-9A-420. Removal of improper or fraudulent liens -- notice to secured party and debtor