§ 9-602
279 words·~1 min read·
/md/commercial-law/9-602A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–602.
Except as otherwise provided in § 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)§ 9-207(b)(4)(C), which deals with use and operation of the collateral by the secured party;
(2)§ 9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3)§ 9-607(c), which deals with collection and enforcement of collateral;
(4)§§ 9-608(a) and 9-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5)§§ 9-608(a) and 9-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6)§ 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)§§ 9-610(b), 9-611, 9-613, and 9-614, which deal with disposition of collateral;
(8)§ 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)§ 9-616, which deals with explanation of the calculation of a surplus or deficiency;
(10)§§ 9-620, 9-621, and 9-622, which deal with acceptance of collateral in satisfaction of obligation;
(11)§ 9-623, which deals with redemption of collateral;
(12)§ 9-624, which deals with permissible waivers; and
(13)§§ 9-625 and 9-626, which deal with the secured party’s liability for failure to comply with this article.