N.C. Gen. Stat. § 25-9-401

Alienability of debtor's rights

Known as the Uniform Commercial Code

The act spans §§ 25–25 (616 sections).

Applied in 5 court decisions — leading case Advanced Analytics Laboratories, Inc. v. Environmental Aspecs, Inc. (In Re Environmental Aspecs, Inc.) (1999)

Most recently applied in Magers v. Bonds, Incorporated (July 2002)

1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.

How often courts cite this section

citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(a) Other law governs alienability; exceptions. - Except as otherwise provided in subsection (b) of this section and G.S. 25-9-406, 25-9-407, 25-9-408, and 25-9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.

(b) Agreement does not prevent transfer. - 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.

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.