Texas Statutes
§ 9.401 — ALIENABILITY OF DEBTOR'S RIGHTS.
Texas·Code BC Business & Commerce Code
Sec. 9.401. ALIENABILITY OF DEBTOR'S RIGHTS.
(a)Except as otherwise provided in Subsection (b) and Sections 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 chapter.
(b)An agreement between the debtor and secured party that 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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Legislative History
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Nearby Sections
15
§ 9.101
SHORT TITLE.§ 9.104
CONTROL OF DEPOSIT ACCOUNT.§ 9.1071
CONTROL OF VIRTUAL CURRENCY.§ 9.108
SUFFICIENCY OF DESCRIPTION.§ 9.109
SCOPE.