Can you summarize IACO 554.9401?

Short Summary

1.Other law governs alienability exceptions.Except as otherwise provided in subsection 2 and sections 554.9406, 554.9407, 554.9408, and 554.9409, whether a debtors rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this Article. 2.Agreement does not prevent transfer.An agreement between the debtor and secured party which prohibits a transfer of the debtors rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. 2000 Acts, ch 1149, 63, 185, 187

Jurisdiction

Iowa

Source

• Banking