(a) Except as otherwise provided in Subsection (b) of this section and Sections 55-9- 406 through 55-9-409 N.M. Stat. Ann., whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than N.M. Stat. Ann. Chapter 55, Article 9.

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(b) An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.