Alienability of debtor’s rights.

NRS

104.9401

Alienability of debtor’s rights.

1. Except as otherwise provided in subsection 2 and NRS 104.9406 to 104.9409 , inclusive, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

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.

(Added to NRS by 1999, 323 ; A 2001, 62 )