LD 2245
pg. 287
Page 286 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 288 of 493
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LR 1087
Item 1

 
(iii)__The account debtor knows that the assignment to
that assignee is limited.

 
(3)__Subject to subsection (8), if requested by the account
debtor, an assignee shall seasonably furnish reasonable proof
that the assignment has been made.__Unless the assignee complies,
the account debtor may discharge its obligation by paying the
assignor, even if the account debtor has received a notification
under subsection (1).

 
(4)__Except as otherwise provided in subsection (5) and
sections 2-1303 and 9-1407, and subject to subsection (8), a term
in an agreement between an account debtor and an assignor or in a
promissory note is ineffective to the extent that it:

 
(a)__Prohibits, restricts or requires the consent of the
account debtor or person obligated on the promissory note to
the assignment or transfer of, or the creation, attachment,
perfection or enforcement of a security interest in, the
account, chattel paper, payment intangible or promissory
note; or

 
(b)__Provides that the creation, attachment, perfection or
enforcement of the security interest may give rise to a
default, breach, right of recoupment, claim, defense,
termination, right of termination or remedy under the
account, chattel paper, payment intangible or promissory
note.

 
(5)__Subsection (4) does not apply to the sale of a payment
intangible or promissory note.

 
(6)__Except as otherwise provided in sections 2-1303 and 9-
1407 and subject to subsections (8) and (9), a rule of law,
statute, or regulation that prohibits, restricts or requires the
consent of a government, governmental body or official, or
account debtor to the assignment or transfer of, or creation of a
security interest in, an account or chattel paper is ineffective
to the extent that the rule of law, statute or regulation:

 
(a)__Prohibits, restricts or requires the consent of the
government, governmental body or official, or account debtor
to the assignment or transfer of, or the creation,
attachment, perfection or enforcement of a security interest
in the account or chattel paper; or

 
(b)__Provides that the creation, attachment, perfection or
enforcement of the security interest may give rise to a
default, breach, right of recoupment, claim, defense,


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