84-9-619 Transfer of record or legal title.
84-9-619. Transfer of record or legal title. (a) “Transfer statement.” In this section, “transfer statement” means a record authenticated by a secured party stating: (1) That the debtor has defaulted in connection with an obligation secured by specified collateral; (2) that the secured party has exercised the secured party’s post-default remedies with respect to the […]
84-9-708 Persons entitled to file initial financing statement or continuation statement.
84-9-708. Persons entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if: (1) The secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) To continue the effectiveness of a financing statement filed […]
84-9-620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.
84-9-620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. (a) Conditions to acceptance in satisfaction. Except as otherwise provided in subsection (g), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only if: (1) The debtor consents to the acceptance under subsection […]
84-9-709 Priority.
84-9-709. Priority. (a) Law governing priority. This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect, former article 9 determines priority. (b) Priority if security interest becomes enforceable under K.S.A. 2021 Supp. 84-9-203, and amendments thereto. For purposes of K.S.A. […]
84-9-621 Notification of proposal to accept collateral.
84-9-621. Notification of proposal to accept collateral. (a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send the secured party’s proposal to: (1) Any person from which the secured party has received, before the debtor consented to […]
84-9-801 Specifying sections that are part of article 9 of the uniform act.
84-9-801. Specifying sections that are part of article 9 of the uniform act. K.S.A. 2021 Supp. 84-9-801 through 84-9-809, and amendments thereto, shall be part of and supplemental to article 9 of chapter 84 of the Kansas Statutes Annotated, and amendments thereto. History: L. 2012, ch. 84, § 18; July 1, 2013. Former section 84-9-801 […]
84-9-622 Effect of acceptance of collateral.
84-9-622. Effect of acceptance of collateral. (a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) Discharges the obligation to the extent consented to by the debtor; (2) transfers to the secured party all of a debtor’s rights in the collateral; (3) discharges the […]
84-9-623 Right to redeem collateral.
84-9-623. Right to redeem collateral. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. (b) Requirements for redemption. To redeem collateral, a person shall tender: (1) Fulfillment of all obligations secured by the collateral; and (2) the reasonable expenses and attorney fees described in […]
84-9-624 Waiver.
84-9-624. Waiver. (a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under K.S.A. 2021 Supp. 84-9-611, and amendments thereto, only by an agreement to that effect entered into and authenticated after default. (b) Waiver of mandatory disposition. A debtor may waive the right to […]
84-9-625 Judicial remedies for secured party noncompliance; damages.
84-9-625. Judicial remedies for secured party noncompliance; damages. (a) Judicial orders concerning noncompliance. If it is established that a secured party is not proceeding in accordance with this article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions. (b) Damages for noncompliance. Subject to subsections (c), (d) […]