679.40111 Alienability of debtor’s rights. - Florida Statutes

679.40111 Alienability of debtor’s rights.

   (1) Except as otherwise provided in subsection (2) and ss. 679.4061, 679.4071, 679.4081, and 679.409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.

   (2) 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. s. 4, ch. 2001-198.