Effect of Acceptance of Collateral
Source:
Section 9-622 — Effect of Acceptance of Collateral, https://www.nysenate.gov/legislation/laws/UCC/9-622 (updated Sep. 22, 2014; accessed Jan. 10, 2026).
9–601
Rights after Default 9–602
Waiver and Variance of Rights and Duties 9–603
Agreement on Standards Concerning Rights and Duties 9–604
Procedure If Security Agreement Covers Real Property, Fixtures, or Cooperative Interests 9–605
Unknown Debtor or Secondary Obligor 9–606
Time of Default for Agricultural Lien 9–607
Collection and Enforcement by Secured Party 9–608
Application of Proceeds of Collection or Enforcement 9–609
Secured Party’s Right to Take Possession after Default 9–610
Disposition of Collateral after Default 9–611
Notification Before Disposition of Collateral 9–612
Timeliness of Notification Before Disposition of Collateral 9–613
Contents and Form of Notification Before Disposition of Collateral: General 9–614
Contents and Form of Notification Before Disposition of Collateral: Consumer-goods Transaction 9–615
Application of Proceeds of Disposition 9–616
Explanation of Calculation of Surplus or Deficiency 9–617
Rights of Transferee of Collateral 9–618
Rights and Duties of Certain Secondary Obligors 9–619
Transfer of Record or Legal Title 9–620
Acceptance of Collateral in Full or Partial Satisfaction of Obligation 9–621
Notification of Proposal to Accept Collateral 9–622
Effect of Acceptance of Collateral 9–623
Right to Redeem Collateral 9–624
Waiver
Rights after Default 9–602
Waiver and Variance of Rights and Duties 9–603
Agreement on Standards Concerning Rights and Duties 9–604
Procedure If Security Agreement Covers Real Property, Fixtures, or Cooperative Interests 9–605
Unknown Debtor or Secondary Obligor 9–606
Time of Default for Agricultural Lien 9–607
Collection and Enforcement by Secured Party 9–608
Application of Proceeds of Collection or Enforcement 9–609
Secured Party’s Right to Take Possession after Default 9–610
Disposition of Collateral after Default 9–611
Notification Before Disposition of Collateral 9–612
Timeliness of Notification Before Disposition of Collateral 9–613
Contents and Form of Notification Before Disposition of Collateral: General 9–614
Contents and Form of Notification Before Disposition of Collateral: Consumer-goods Transaction 9–615
Application of Proceeds of Disposition 9–616
Explanation of Calculation of Surplus or Deficiency 9–617
Rights of Transferee of Collateral 9–618
Rights and Duties of Certain Secondary Obligors 9–619
Transfer of Record or Legal Title 9–620
Acceptance of Collateral in Full or Partial Satisfaction of Obligation 9–621
Notification of Proposal to Accept Collateral 9–622
Effect of Acceptance of Collateral 9–623
Right to Redeem Collateral 9–624
Waiver
