Title 11, Chapter 9, Section 318
No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.
(a) Seller retains no interest. A debtor that has sold an account,
chattel paper, payment intangible, or promissory note does not
retain a legal or equitable interest in the collateral sold.
(b) Deemed rights of debtor if buyer's security interest
unperfected. For purposes of determining the rights of creditors
of, and purchasers for value of an account or chattel paper from, a
debtor that has sold an account or chattel paper, while the buyer's
security interest is unperfected, the debtor is deemed to have
rights and title to the account or chattel paper identical to those
the debtor sold.