30-9-441. (Effective July 1, 2001) Alienability of debtor's rights. (1) Except as otherwise provided in 30-9-446 through 30-9-449 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.