Can you summarize NVRS 104.9401?

Short Summary

1.Except as otherwise provided in subsection 2 and NRS 104.9406 to 104.9409 , inclusive, whether a debtors 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 which prohibits a transfer of the debtors rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. (Added to NRS by 1999, 323; A 2001, 62)

Jurisdiction

Nevada

Source

• Banking