4-9-602. Waiver and variance of rights and duties.
286 words·~1 min read·
/co/title-4-uniform-commercial-code/article-9-secured-transactions/4-9-602·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided in section 4-9-624, 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:
(1)Section 4-9-207 (b)(4)(C), which deals with use and operation of the collateral by the secured party;
(2)Section 4-9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3)Section 4-9-607 (c), which deals with collection and enforcement of collateral;
(4)Sections 4-9-608
(a)and 4-9-615
(c)to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5)Sections 4-9-608
(a)and 4-9-615
(d)to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6)Section 4-9-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(7)Sections 4-9-610 (b), 4-9-611, 4-9-613, and 4-9-614, which deal with disposition of collateral;
(8)Section 4-9-615 (f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;
(9)Section 4-9-616, which deals with explanation of the calculation of a surplus or deficiency;
(10)Section 4-9-620, 4-9-621, and 4-9-622, which deal with acceptance of collateral in satisfaction of obligation;
(11)Section 4-9-623, which deals with redemption of collateral;
(12)Section 4-9-624, which deals with permissible waivers; and
(13)Sections 4-9-625 and 4-9-626, which deal with the secured party's liability for failure to comply with this article.