(a) Except as otherwise provided in Subsection (b) of this section and Sections 55-9- 406 through 55-9-409 N.M. Stat. Ann., whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than N.M. Stat. Ann. Chapter 55, Article 9.

(b) An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.