§ 11-9-603. Agreement on Standards Concerning Rights and Duties
Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in Code Section 11-9-602 if the standards are not manifestly unreasonable. Agreed standards inapplicable to breach of peace. Subsection (a) of […]
§ 11-9-604. Procedure if Security Agreement Covers Real Property or Fixtures
Enforcement; personal and real property. If a security agreement covers both personal and real property, a secured party may proceed: Under this part as to the personal property without prejudicing any rights with respect to the real property; or As to both the personal property and the real property in accordance with the rights […]
§ 11-9-515. Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement; Record of Mortgage as Financing Statement
Five-year effectiveness. Except as otherwise provided in subsection (d) of this Code section, a filed financing statement is effective for a period of five years after the date of filing or until the twentieth day after any earlier maturity date required to be specified on the filed financing statement. Lapse and continuation of financing […]
§ 11-9-605. Unknown Debtor or Secondary Obligor
A secured party does not owe a duty based on its status as secured party: To a person that is a debtor or obligor, unless the secured party knows: That the person is a debtor or obligor; The identity of the person; and How to communicate with the person; or To a secured party or […]
§ 11-9-516. What Constitutes Filing; Effectiveness of Filing
What constitutes filing. Except as otherwise provided in subsection (b) of this Code section, communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing. Refusal to accept record; filing does not occur. Filing does not occur with respect […]
§ 11-9-606. Time of Default for Agricultural Lien
For purposes of this part, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created. History. Code 1981, § 11-9-606 , enacted by Ga. L. 2001, p. 362, § 1.
§ 11-9-517. Effect of Indexing Errors
The failure of the filing office or authority to index a record correctly does not affect the effectiveness of the filed record. History. Code 1981, § 11-9-517 , enacted by Ga. L. 2001, p. 362, § 1.
§ 11-9-607. Collection and Enforcement by Secured Party
Collection and enforcement generally. If so agreed, and in any event after default, a secured party: May notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party; May take any proceeds to which the secured party is entitled […]
§ 11-9-502. Contents of Financing Statement; Record of Mortgage as Fixture Filing or Financing Statement; Time of Filing Financing Statement
Sufficiency of financing statement. Subject to subsection (b) of this Code section, a financing statement is sufficient only if it: Provides the name of the debtor; Provides the name of the secured party or a representative of the secured party; Indicates the collateral covered by the financing statement; and Where both (A) the collateral […]
§ 11-9-503. Name of Debtor and Secured Party
Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: Except as otherwise provided in paragraph (3) of this subsection, if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that is […]