§9-1207. Rights and duties of secured party having possession or control of collateral (1). Except as otherwise provided in subsection (4), a secured party shall use reasonable care in the custody and preservation of collateral in the secured party’s possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps […]
§9-1208. Additional duties of secured party having control of collateral (1). This section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations or otherwise give value. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, […]
§9-1209. Duties of secured party if account debtor has been notified of assignment (1). Except as otherwise provided in subsection (3), this section applies if: (a). There is no outstanding secured obligation; and [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). The secured party […]
§9-1210. Request for accounting; request regarding list of collateral or statement of account (1). In this section: (a). “Request” means a record of a type described in paragraph (b), (c) or (d); [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). “Request for an accounting” […]
