§ 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 […]
§ 11-9-518. Inaccurate or Wrongfully Filed Record
Statement with respect to record indexed under person’s name. A person may file in the filing office an information statement with respect to a record indexed under the person’s name if the person believes that the record is inaccurate or was wrongfully filed. The information statement shall be filed in the filing office of […]
§ 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 […]
§ 11-9-519. Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records
Filing office duties. For each record filed in a filing office, the filing office shall: Assign a unique number to the filed record; Create a record that bears the number assigned to the filed record and the date and time of filing; Maintain the filed record or a microfilm or other photostatic, microphotographic, photographic […]