The debtor's rights in collateral may be voluntarily or involuntarily transferred (by way of sale, creation of a security interest, attachment, levy, garnishment or other judicial process) notwithstanding a provision in the security agreement prohibiting any transfer or making the transfer constitute a default.
CREDIT(S)
(Dec. 30, 1963, 77 Stat. 758, Pub. L. 88-243, § 1.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 28:9-311.
1973 Ed., § 28:9-311.
Legislative History of Laws
For Law 13-201, see notes following § 28:9-101.