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Maine · Through October 1, 2025

11 M.R.S. §9-1401: Alienability of debtor's rights

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Where this section sits in the code
  1. TITLE 11: UNIFORM COMMERCIAL CODE
  2. PART 4: RIGHTS OF 3RD PARTIES

(1). Except as otherwise provided in subsection (2) and sections 9‑1406, 9‑1407, 9‑1408 and 9‑1409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article.

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

Collected 2026-09-04T15:12:25Z. Source file · JSON

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