Except as otherwise provided in subsection (d), 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 to preserve rights against prior parties unless otherwise agreed. Except as otherwise provided in […]
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. Within ten (10) days after receiving an authenticated demand by the debtor: A secured party having control of a deposit account under Section 75-9-104(a)(2) shall send […]
Except as otherwise provided in subsection (c), this section applies if: There is no outstanding secured obligation; and The secured party is not committed to make advances, incur obligations, or otherwise give value. Within ten (10) days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that […]
In this section: “Request” means a record of a type described in paragraph (2), (3), or (4). “Request for an accounting” means a record authenticated by a debtor requesting that the recipient provide an accounting of the unpaid obligations secured by collateral and reasonably identifying the transaction or relationship that is the subject of the […]
