11 §9-1526. Filing-office rules
§9-1526. Filing-office rules (1). The Secretary of State shall adopt and publish rules to implement this Article. The filing-office rules must be: (a). Consistent with this Article; and [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). Adopted and published in accordance with Title 5, […]
11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes
§9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes (1). After default, a secured party has the rights provided in this part and, except as otherwise provided in section 9‑1602, those provided by agreement of the parties. A secured party: (a). May reduce a claim […]
11 §9-1602. Waiver and variance of rights and duties
§9-1602. Waiver and variance of rights and duties Except as otherwise provided in section 9‑1624, 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: [PL 1999, c. […]
11 §9-1603. Agreement on standards concerning rights and duties
§9-1603. Agreement on standards concerning rights and duties (1). 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 section 9-1602 if the standards are not manifestly unreasonable. [PL 1999, c. 699, Pt. […]
11 §9-1604. Procedure if security agreement covers real property or fixtures
§9-1604. Procedure if security agreement covers real property or fixtures (1). If a security agreement covers both personal and real property, a secured party may proceed: (a). Under this part as to the personal property without prejudicing any rights with respect to the real property; or [PL 1999, c. 699, Pt. A, §2 […]
11 §9-1605. Unknown debtor or secondary obligor
§9-1605. Unknown debtor or secondary obligor A secured party does not owe a duty based on its status as secured party: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (1). To a person that is a debtor or obligor unless the secured party knows: (a). […]
11 §9-1606. Time of default for agricultural lien
§9-1606. 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. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. […]
11 §9-1607. Collection and enforcement by secured party
§9-1607. Collection and enforcement by secured party (1). If so agreed, and in any event after default, a secured party: (a). 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; [PL 1999, c. 699, Pt. […]
11 §9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
§9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus (1). If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply. (a). A secured party shall apply or pay over for application the cash proceeds of collection or enforcement under section […]
11 §9-1609. Secured party’s right to take possession after default
§9-1609. Secured party’s right to take possession after default (1). After default, a secured party: (a). May take possession of the collateral; and [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).] (b). Without removal, may render equipment unusable and dispose of collateral on a debtor’s […]