Neb. Uniform Commercial Code § 9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective: Uniform Commercial Code – Nebraska
Status: EnactedYear Enacted: 1999
Year Amended: 2013
File: Download
A term in a promissory note between an account debtor and a debtor which relates to a health-care-insurance receivable and which term prohibits, restricts, or requires the consent of the person obligated on the promissory note or the account debtor to assign a security interest in the health-care-insurance receivable, is ineffective to the extent that the term impairs a security interest; or provides that the assignment or transfer or the creation, attachment, or perfection of the security interest may give rise to a default under the health-care-insurance receivable.
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