N.Y. UCC Law § 9-401
This is the official text of N.Y. UCC Law § 9-401, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Alienability of Debtor's Rights
Official statutory text
Section 9--401. Alienability of Debtor's Rights.\n (a) Other law governs alienability; exceptions. Except as otherwise\nprovided in subsection (b) and Sections 9--406, 9--407, 9--408, and\n9--409, whether a debtor's rights in collateral may be voluntarily or\ninvoluntarily transferred is governed by law other than this article.\n (b) Agreement does not prevent transfer. An agreement between the\ndebtor and secured party which prohibits a transfer of the debtor's\nrights in collateral or makes the transfer a default does not prevent\nthe transfer from taking effect.\n
Status: in_force · Read it on the official government site
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