336.9-401 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-401 ALIENABILITY OF DEBTOR’S RIGHTS. (a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and sections 336.9-406, 336.9-407, 336.9-408, and 336.9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this […]
336.9-402 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-402 SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT. The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract […]
336.9-403 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-403 AGREEMENT NOT TO ASSERT DEFENSES AGAINST ASSIGNEE. (a) Value. In this section, “value” has the meaning provided in section 336.3-303(a). (b) Agreement not to assert claim or defense. Except as otherwise provided in this section, an agreement between an account debtor and an […]
336.9-404 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-404 RIGHTS ACQUIRED BY ASSIGNEE; CLAIMS AND DEFENSES AGAINST ASSIGNEE. (a) Assignee’s rights subject to terms, claims, and defenses; exceptions. Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e), the rights […]
336.9-405 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-405 MODIFICATION OF ASSIGNED CONTRACT. (a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may […]
336.9-406 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-406 DISCHARGE OF ACCOUNT DEBTOR; NOTIFICATION OF ASSIGNMENT; IDENTIFICATION AND PROOF OF ASSIGNMENT; RESTRICTIONS ON ASSIGNMENT OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, AND PROMISSORY NOTES INEFFECTIVE. (a) Discharge of account debtor; effect of notification. Subject to subsections (b) through (i), an account debtor on […]
336.9-407 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-407 RESTRICTIONS ON CREATION OR ENFORCEMENT OF SECURITY INTEREST IN LEASEHOLD INTEREST OR IN LESSOR’S RESIDUAL INTEREST. (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it: (1) […]
336.9-408 MS 1974 [Repealed, 1976 c 135 s 38] 336.9-408 MS 1998 [Repealed, 2000 c 399 art 1 s 140] 336.9-408 RESTRICTIONS ON ASSIGNMENT OF PROMISSORY NOTES, HEALTH-CARE-INSURANCE RECEIVABLES, AND CERTAIN GENERAL INTANGIBLES INEFFECTIVE. (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a promissory note or in […]
336.9-409 RESTRICTIONS ON ASSIGNMENT OF LETTER OF CREDIT RIGHTS INEFFECTIVE. (a) Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person […]
