7-9A-402
Section 7-9A-402 Secured party not obligated on contract of debtor or in tort. The existence
of a security interest, agricultural lien, or authority given to a debtor to dispose of or
use collateral, without more, does not subject a secured party to liability in contract or
tort for the debtor's acts or omissions. (Act 2001-481, p. 647, §1.)...
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7-9A-605
Section 7-9A-605 Unknown debtor or secondary obligor. A secured party does not owe a
duty based on its status as secured party: (1) to a person that is a debtor or obligor, unless
the secured party knows: (A) that the person is a debtor or obligor; (B) the identity of the
person; and (C) how to communicate with the person; or (2) to a secured party or lienholder
that has filed a financing statement against a person, unless the secured party knows: (A)
that the person is a debtor; and (B) the identity of the person. (Act 2001-481, p. 647, §1.)...

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7-9-317
Section 7-9-317 Secured party not obligated on contract of debtor. Repealed by Act 2001-481,
p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)...
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7-9A-328
Section 7-9A-328 Priority of security interests in investment property. The following
rules govern priority among conflicting security interests in the same investment property:
(1) A security interest held by a secured party having control of investment property under
Section 7-9A-106 has priority over a security interest held by a secured party that
does not have control of the investment property. (2) Except as otherwise provided in paragraphs
(3) and (4), conflicting security interests held by secured parties each of which has control
under Section 7-9A-106 rank according to priority in time of: (A) if the collateral
is a security, obtaining control; (B) if the collateral is a security entitlement carried
in a securities account and: (i) if the secured party obtained control under Section
7-8-106(d)(1), the secured party's becoming the person for which the securities account is
maintained; (ii) if the secured party obtained control under Section 7-8-106(d)(2),
the securities...
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7-9A-106
Section 7-9A-106 Control of investment property. (a) Control under Section 7-8-106.
A person has control of a certificated security, uncertificated security, or security entitlement
as provided in Section 7-8-106. (b) Control of commodity contract. A secured party
has control of a commodity contract if: (1) the secured party is the commodity intermediary
with which the commodity contract is carried; or (2) the commodity customer, secured party,
and commodity intermediary have agreed that the commodity intermediary will apply any value
distributed on account of the commodity contract as directed by the secured party without
further consent by the commodity customer. (c) Effect of control of securities account or
commodity account. A secured party having control of all security entitlements or commodity
contracts carried in a securities account or commodity account has control over the securities
account or commodity account. (Act 2001-481, p. 647, §1.)...
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7-9A-107
Section 7-9A-107 Control of letter-of-credit right. A secured party has control of a
letter-of-credit right to the extent of any right to payment or performance by the issuer
or any nominated person if the issuer or nominated person has consented to an assignment of
proceeds of the letter of credit under Section 7-5-114(c) or otherwise applicable law
or practice. (Act 2001-481, p. 647, §1.)...
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7-9A-327
Section 7-9A-327 Priority of security interests in deposit account. The following rules
govern priority among conflicting security interests in the same deposit account: (1) A security
interest held by a secured party having control of the deposit account under Section
7-9A-104 has priority over a conflicting security interest held by a secured party that does
not have control. (2) Except as otherwise provided in paragraphs (3) and (4), security interests
perfected by control under Section 7-9A-314 rank according to priority in time of obtaining
control. (3) Except as otherwise provided in paragraph (4), a security interest held by the
bank with which the deposit account is maintained has priority over a conflicting security
interest held by another secured party. (4) A security interest perfected by control under
Section 7-9A-104(a)(3) has priority over a security interest held by the bank with
which the deposit account is maintained. (Act 2001-481, p. 647, §1.)...
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7-9A-329
Section 7-9A-329 Priority of security interests in letter-of-credit right. The following
rules govern priority among conflicting security interests in the same letter-of-credit right:
(1) A security interest held by a secured party having control of the letter-of-credit right
under Section 7-9A-107 has priority to the extent of its control over a conflicting
security interest held by a secured party that does not have control. (2) Security interests
perfected by control under Section 7-9A-314 rank according to priority in time of obtaining
control. (Act 2001-481, p. 647, §1.)...
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7-9A-617
Section 7-9A-617 Rights of transferee of collateral. (a) Effects of disposition. A secured
party's disposition of collateral after default: (1) transfers to a transferee for value all
of the debtor's rights in the collateral; (2) discharges the security interest under which
the disposition is made; and (3) discharges any subordinate security interest or other subordinate
lien. (b) Rights of good-faith transferee. A transferee that acts in good faith takes free
of the rights and interests described in subsection (a), even if the secured party fails to
comply with this article or the requirements of any judicial proceeding. (c) Rights of other
transferee. If a transferee does not take free of the rights and interests described in subsection
(a), the transferee takes the collateral subject to: (1) the debtor's rights in the collateral;
(2) the security interest or agricultural lien under which the disposition is made; and (3)
any other security interest or other lien. (Act 2001-481, p....
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35-10-91
Section 35-10-91 Payoff statement; notice. (a) A person liable for payment or performance
of the obligation secured by the real property described in a security instrument who makes
proper notice pursuant to this section shall be entitled to receive a payoff statement.
(b) Proper notice must contain all of the following: (1) The entitled person's name. (2) If
given by a person other than an entitled person, the name of the person giving the notification
and a statement, if required by the secured party evidence, that the person is an authorized
agent of the entitled person. (3) The address to which the creditor must send the statement.
(4) The account number assigned by the secured creditor or other sufficient information to
enable the creditor to identify the secured obligation and the real property encumbered by
the security interest. (5) If the secured obligation is an equity line, a statement that the
entitled person requests the secured creditor to close the equity line upon...
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