§ 36-9-630. Contents of notice of sale.
165 words·~1 min read·
/sc/title-36-commercial-code/chapter-9/commercial-code-secured-transactions/36-9-630·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-9-630. Contents of notice of sale.
The notice of sale shall substantially:
(a)Refer to the security agreement pursuant to which the sale is held;
(b)Designate the date, hour, and place of sale consistent with the provisions of the security agreement and the provisions found in this part;
(c)Describe personal property to be sold substantially as it is described in the security agreement pursuant to which the power of sale is being exercised and may add a further description as will acquaint bidders with the nature of the property;
(d)State the terms of the sale provided by the security agreement pursuant to which the sale is held, including the amount of the cash deposit, if any, to be made by the highest bidder at the sale;
(e)Include any other provisions required by the security agreement to be included therein;
(f)State that the property will be sold subject to taxes and special assessments if it is to be so sold.