                                 CODE OF VIRGINIA

ALIENABILITY OF DEBTOR&#8217;S RIGHTS (§ 8.9A-401)

a. Other law governs alienability; exceptions. Except as otherwise provided in
subsection (b) and &#xA7;&#xA7; 8.9A-406 through 8.9A-409, whether a
debtor&#8217;s rights in collateral may be voluntarily or involuntarily
transferred is governed by law other than this title.

b. Agreement does not prevent transfer. An agreement between the debtor and
secured party which prohibits a transfer of the debtor&#8217;s rights in
collateral or makes the transfer a default does not prevent the transfer from
taking effect.

HISTORY: 1964, c. 219, § 8.9-311; 2000, c. 1007.