Tenn. Code Ann. § 47-9-401

Alienability of debtor's rights

Known as the Uniform Commercial Code

The act spans §§ 47–47 (578 sections).

Applied in 1 court decision — leading case American Bank, FSB v. Cornerstone Community Bank (2013)

Most recently applied in American Bank, FSB v. Cornerstone Community Bank (August 2013)

Acts 2000, ch. 846, § 1.

(1) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and § 47-9-406, § 47-9-407, § 47-9-408, and § 47-9-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.

(2) 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.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.