Rights of Third Parties | Midpage

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Code of Alabama

Part 4

Rights of Third Parties

7-9A-401Alienability of Debtor’s Rights.7-9A-402Secured Party Not Obligated on Contract of Debtor or in Tort.7-9A-403Agreement Not to Assert Defenses Against Assignee.7-9A-404Rights Acquired by Assignee; Claims and Defenses Against Assignee.7-9A-405Modification of Assigned Contract.7-9A-406Discharge of Account Debtor; Notification of Assignment; Identification and Proof of Assignment; Restrictions on Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective.7-9A-407Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor’s Residual Interest.7-9A-408Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective.7-9A-409Restrictions on Assignment of Letter-of-Credit Rights Ineffective.