§ 6A-9-401. Alienability of debtor’s rights.
(a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and §§ 6A-9-406, 6A-9-407, 6A-9-408, and 6A-9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
(b) Agreement does not prevent transfer. 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 of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions
Part 4 - Rights of Third Parties
Section 6A-9-401. - Alienability of debtor’s rights.
Section 6A-9-402. - Secured party not obligated on contract of debtor or in tort.
Section 6A-9-403. - Agreement not to assert defenses against assignee.
Section 6A-9-404. - Rights acquired by assignee; claims and defenses against assignee.
Section 6A-9-405. - Modification of assigned contract.
Section 6A-9-409. - Restrictions on assignment of letter-of-credit rights ineffective.