North Dakota § 41-09-63 (9-401) Alienability of debtor's rights

North Dakota Statutes

§ 41-09-63 — (9-401) Alienability of debtor's rights

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-09 Secured Transactions

1.Except as otherwise provided in subsection 2 and sections 41-09-68 through 41-09-71, 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.

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1. Except as otherwise provided in subsection 2 and sections 41-09-68 through
41-09-71, 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.

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