SECURED TRANSACTIONS IN MOVABLE ASSETS
Section 25: Transfer does not affect priority
(1) A Secured Creditor may transfer a secured obligation notwithstanding any agreement with the Grantor or the Borrower limiting the right to transfer the secured obligation and without having to obtain consent of the Grantor or the Borrower.
(2) A Security Interest that is transferred shall have the same priority as it had at the time of the transfer.
(3) Transfer of a Security Interest perfected by registration is valid without registering an Amendment Financing Statement in the Registry.
Cite this section
Section 25, SECURED TRANSACTIONS IN MOVABLE ASSETS (2017).
https://repo.podus.ai/laws/secured-transactions-in-movable-assets/section/25/