30-9A-401. Alienability of debtor's rights. (1) Except as otherwise provided in 30-9A-406 through 30-9A-409 and subsection (2) of this section, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by applicable law other than this chapter.
(2) 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.
History: En. Sec. 62, Ch. 305, L. 1999; Sec. 30-9-441, MCA 1999; redes. 30-9A-401 by Code Commissioner, 2001.