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Alienability of debtor's rights.

MCL 440.9401
in effect
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440.9401. Alienability of debtor's rights. Sec. 9401. (1) Except as otherwise provided in subsection (2) and sections 9406, 9407, 9408, and 9409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article. (2) 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. 1962, Act 174, Eff. Jan. 1, 1964; Am. 1964, Act 250, Eff. Aug. 28, 1964; Am. 1976, Act 27, Imd. Eff. Mar. 4, 1976; Am. 1978, Act 369, Eff. Jan. 1, 1979; Am. 1980, Act 53, Imd. Eff. Mar. 27, 1980; Am. 1990, Act 288, Imd. Eff. Dec. 14, 1990; Am. 2000, Act 348, Eff. July 1, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-440-9401Fetched: 10/20/2026

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