Section 45.29.401. Alienability of debtor's rights.

Latest version.

   (a) Except as otherwise provided in (b) of this section and AS 45.29.406 - 45.29.409, 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.

Notes

History

(Sec. 1 ch 113 SLA 2000)

                    
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