Official Code of Georgia Annotated

Title 11. COMMERCIAL CODE · Chapter 9. · Article 9. SECURED TRANSACTIONS · Part 4. RIGHTS OF THIRD PARTIES

11-9-401. Alienability of debtor’s rights.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) of this Code section and Code Sections 11-9-406, 11-9-407, 11-9-408, and 11-9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.#
(b)
Agreement does not prevent transfer. 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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 11-9-401, enacted by Ga. L. 2001, p. 362, § 1.

For note discussing procedures required to effect a levy of execution, see 12 Ga. L. Rev. 814 (1978).

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-2022-pdf.pdf, Volume V9, 2022 edition, page 841; merge action: carried; file SHA-256 ad397fccbf21.