Alienability of debtor's rights
Known as the Uniform Commercial Code
The act spans §§ 36–36 (519 sections).
Applied in 1 court decision — leading case Anderson v. Hercules, Inc. (In re Creel) (1988)
Most recently applied in Anderson v. Hercules, Inc. (In re Creel) (August 1988)
1962 Code SECTION 10.9-401; 1966 (54) 2716; 1988 Act No. 494, SECTION 5; 1997 Act No. 34, SECTION 1; 2001 Act No. 67, SECTION 12.
(a) Except as otherwise provided in subsection (b) and Sections 36-9-406, 36-9-407, 36-9-408, and 36-9-409, 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 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: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.