§ 11-9-522. Maintenance and Destruction of Records
Postlapse maintenance and retrieval of information. The authority shall maintain a record of the information provided in a filed record for at least one year after the effectiveness of such record or the initial financing statement to which such record relates has lapsed under Code Section 11-9-515 with respect to all secured parties of […]
§ 11-9-523. Information From Filing Office and Central Indexing System; Sale or License of Records
Acknowledgment of filing written record. If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to paragraph (1) of subsection (a) of Code Section 11-9-519 and the date and […]
§ 11-9-524. Delay by Filing Office or Authority
Delay by the filing office or authority beyond a time limit prescribed by this part is excused if: The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office or authority; and The filing office or authority exercises reasonable diligence […]
§ 11-9-525. Fees
Initial financing statement; general. Except as otherwise provided in subsection (b) of this Code section, the fees for filing a record under this part are the amounts specified in Article 2 of Chapter 6 of Title 15. Fees of the Georgia Superior Court Clerks’ Cooperative Authority. The Georgia Superior Court Clerks’ Cooperative Authority […]
§ 11-9-526. Rules
Adoption of filing office rules. The authority shall adopt and publish in print or electronically rules to implement this article, including rules to administer, maintain, and modify the central indexing system. The filing office rules must be consistent with this article. Harmonization of rules. To keep the filing office rules, practices of 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 […]
§ 11-9-407. Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor’s Residual Interest
Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b) of this Code section, a term in a lease agreement is ineffective to the extent that it: Prohibits, restricts, or requires the consent of a party to the lease to the assignment, transfer, creation, attachment, perfection, or enforcement of a security interest […]
§ 11-9-514. Assignment of Powers of Secured Party of Record
Assignment reflected on initial financing statement. An initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party. Assignment of filed financing statement. […]