Tex. Business & Commerce Code § 9.401
This is the official text of Tex. Business & Commerce Code § 9.401, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 9.401. ALIENABILITY OF DEBTOR'S RIGHTS.
Official statutory text
(a) Except as otherwise provided in Subsection (b) and Sections 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 chapter.
(b) 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.
(b) 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.
Status: in_force · Read it on the official government site
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