ALIENABILITY OF DEBTOR'S RIGHTS.
Tex. BUS. & COM Code § 9.401.
in effect(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.
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
