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Tex. Bus. & Com. Code § 9.401

ALIENABILITY OF DEBTOR'S RIGHTS

Known as the Uniform Commercial Code

The act spans §§ 1–12 (616 sections).

Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff

(a) Except as otherwise provided in Subsection (b) and Sections 9.406, 9.407, 9.408, and 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 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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.