Section 9-401 - Alienability of debtor's rights. - Maryland Statutes

§ 9-401. Alienability of debtor's rights.
 

(a)  Except as otherwise provided in subsection (b) and §§ 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 title. 

(b)  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. 
 

[1999, ch. 282, § 2.]