§ 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 […]
§ 11-9-605. 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 […]
§ 11-9-606. 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.
§ 11-9-607. 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 […]
§ 11-9-608. Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus
Application of proceeds, surplus, and deficiency if obligation secured. If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: A secured party shall apply or pay over for application the cash proceeds of collection or enforcement under Code Section 11-9-607 in the following order to: The […]
§ 11-9-601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes
Rights of secured party after default. After default, a secured party has the rights provided in this part and, except as otherwise provided in Code Section 11-9-602, those provided by agreement of the parties. A secured party: May reduce a claim to judgment, foreclose, or otherwise enforce the claim, security interest, or agricultural lien […]
§ 11-9-602. Waiver and Variance of Rights and Duties
Except as otherwise provided in Code Section 11-9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: Subparagraph (b)(4)(C) of Code Section 11-9-207, which deals with use and […]
§ 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 […]