§ 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 […]