Colorado § 4-9-401 Alienability of debtor's rights

Colorado Statutes

§ 4-9-401 — Alienability of debtor's rights

Colorado·Title 04 Uniform·Art. Secured Transactions

(a)Except as otherwise provided in subsection (b) of this section and sections 4-9-406, 4-9-407, 4-9-408, and 4-9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

(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.

(c)This section shall not be construed as being inconsistent with criminal sanctions now or hereafter applicable to transactions involving collateral or as justifying any transfer that would otherwise be a violation of law.

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(a) Except as otherwise provided in
subsection (b) of this section and sections 4-9-406, 4-9-407, 4-9-408, and 4-9-409,
whether a debtor's rights in collateral may be voluntarily or involuntarily
transferred is governed by law other than this article.

(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.

(c) This section shall not be construed as being inconsistent with criminal
sanctions now or hereafter applicable to transactions involving collateral or as
justifying any transfer that would otherwise be a violation of law.

Colorado § 4-9-401 (Alienability of debtor's rights) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.