§ 25-9-401. Alienability of debtor's rights.
Part 4.
RIGHTS OF THIRD PARTIES.
§ 25‑9‑401. Alienability of debtor's rights.
(a) Other law governsalienability; exceptions. Except as otherwise provided in subsection (b) ofthis section and G.S. 25‑9‑406, 25‑9‑407, 25‑9‑408,and 25‑9‑409, whether a debtor's rights in collateral may bevoluntarily or involuntarily transferred is governed by law other than thisArticle.
(b) Agreement does notprevent transfer. An agreement between the debtor and secured party whichprohibits a transfer of the debtor's rights in collateral or makes the transfera default does not prevent the transfer from taking effect. (1965,c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169, s. 1.)