13 Pennsylvania Consolidated Statutes Chapter 94 - Rights Of Third Parties

• Chapter Notes
• Section 9401 - Alienability Of Debtor's Rights
  (a) Other law governs alienability; exceptions.--Except as otherwise provided in subsections (b) and (c), whether a debtor's rights in collateral may be voluntarily or...
• Section 9402 - Secured Party Not Obligated On Contract Of Debtor Or In Tort
  § 9402. Secured party not obligated on contract of debtor or in tort. The existence of a security interest, agricultural lien or authority given...
• Section 9403 - Agreement Not To Assert Defenses Against Assignee
  (a) Value.--As used in this section, the term "value" has the meaning provided in section 3303(a) (relating to value). (b) Agreement not to assert...
• Section 9404 - Rights Acquired By Assignee; Claims And Defenses Against Assignee
  § 9404. Rights acquired by assignee; claims and defenses against assignee. (a) Assignee's rights subject to terms, claims and defenses; exceptions.--Unless an account debtor...
• Section 9405 - 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....
• Section 9406 - 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 an account, chattel paper or a payment...
• Section 9407 - Restrictions On Creation Or Enforcement Of Security Interest In Leasehold Interest Or In Lessor's Residual Interest
  § 9407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest. (a) Term restricting assignment generally ineffective.--...
• Section 9408 - 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 subsections (b) and (e), a term in a promissory note or in an agreement...
• Section 9409 - Restrictions On Assignment Of Letter-of-credit Rights Ineffective
  § 9409. 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...

Last modified: October 8, 2016