North Dakota Code 41-09-63 – (9-401) Alienability of debtor’s rights
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1. Except as otherwise provided in subsection 2 and sections 41-09-68 through 41-09-71, whether a debtor‘s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this chapter.
Terms Used In North Dakota Code 41-09-63
- Debtor: means a natural person whose name was provided in a financing statement record as an individual debtor or one of the types of persons listed in section 41-09-76. See North Dakota Code 41-10-01
2. 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.