7-9-208
Section 7-9-208 Request for statement of account or list of collateral. Repealed by
Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)...
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7-9A-509
Section 7-9A-509 Persons entitled to file a record. (a) Person entitled to file record.
A person may file an initial financing statement, amendment that adds collateral covered by
a financing statement, or amendment that adds a debtor to a financing statement only if: (1)
the debtor authorizes the filing in an authenticated record or pursuant to subsection (b)
or (c); or (2) the person holds an agricultural lien that has become effective at the time
of filing and the financing statement covers only collateral in which the person holds an
agricultural lien. (b) Security agreement as authorization. By authenticating or becoming
bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an
initial financing statement, and an amendment, covering: (1) the collateral described in the
security agreement; and (2) property that becomes collateral under Section 7-9A-315(a)(2),
whether or not the security agreement expressly covers proceeds. (c) Acquisition of...
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7-9A-602
Section 7-9A-602 Waiver and variance of rights and duties. Except as otherwise provided
in Section 7-9A-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 7-9A-207(b)(4)(C), which deals with use
and operation of the collateral by the secured party; (2) Section 7-9A-210, which deals
with requests for an accounting and requests concerning a list of collateral and statement
of account; (3) Section 7-9A-607(c), which deals with collection and enforcement of
collateral; (4) Sections 7-9A-608(a) and 7-9A-615(c) to the extent that they deal with application
or payment of noncash proceeds of collection, enforcement, or disposition; (5) Sections 7-9A-608(a)
and 7-9A-615(d) to the extent that they require accounting for or payment of surplus proceeds
of collateral; (6) Section 7-9A-609 to the extent that it imposes upon a secured party
that...
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7-9A-607
Section 7-9A-607 Collection and enforcement by secured party. (a) Collection and enforcement
generally. If so agreed, and in any event after default, a secured party: (1) may notify an
account debtor or other person obligated on collateral to make payment or otherwise render
performance to or for the benefit of the secured party; (2) may take any proceeds to which
the secured party is entitled under Section 7-9A-315; (3) may enforce the obligations
of an account debtor or other person obligated on collateral and exercise the rights of the
debtor with respect to the obligation of the account debtor or other person obligated on collateral
to make payment or otherwise render performance to the debtor, and with respect to any property
that secures the obligations of the account debtor or other person obligated on the collateral;
(4) if it holds a security interest in a deposit account perfected by control under Section
7-9A-104(a)(1), may apply the balance of the deposit account to the...
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7-9A-209
Section 7-9A-209 Duties of secured party if account debtor has been notified of assignment.
(a) Applicability of section. Except as otherwise provided in subsection (c), this
section applies if: (1) there is no outstanding secured obligation; and (2) the secured
party is not committed to make advances, incur obligations, or otherwise give value. (b) Duties
of secured party after receiving demand from debtor. Within 10 days after receiving an authenticated
demand by the debtor, a secured party shall send to an account debtor that has received notification
of an assignment to the secured party as assignee under Section 7-9A-406(a) an authenticated
record that releases the account debtor from any further obligation to the secured party.
(c) Inapplicability to sales. This section does not apply to an assignment constituting
the sale of an account, chattel paper, or payment intangible. (d) Authenticated demand. In
this section, "authenticated demand" means a record authenticated by the...

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7-9A-611
Section 7-9A-611 Notification before disposition of collateral. (a) "Notification
date." In this section, "notification date" means the earlier of the
date on which: (1) a secured party sends to the debtor and any secondary obligor an authenticated
notification of disposition; or (2) the debtor and any secondary obligor waive the right to
notification. (b) Notification of disposition required. Except as otherwise provided in subsection
(d), a secured party that disposes of collateral under Section 7-9A-610 shall send
to the persons specified in subsection (c) a reasonable authenticated notification of disposition.
(c) Persons to be notified. To comply with subsection (b), the secured party shall send an
authenticated notification of disposition to: (1) the debtor; (2) any secondary obligor; and
(3) if the collateral is other than consumer goods: (A) any other person from which the secured
party has received, before the notification date, an authenticated notification of a claim
of an...
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7-9A-203
Section 7-9A-203 Attachment and enforceability of security interest; proceeds; supporting
obligations; formal requisites. (a) Attachment. A security interest attaches to collateral
when it becomes enforceable against the debtor with respect to the collateral, unless an agreement
expressly postpones the time of attachment. (b) Enforceability. Except as otherwise provided
in subsections (c) through (i), a security interest is enforceable against the debtor and
third parties with respect to the collateral only if: (1) value has been given; (2) the debtor
has rights in the collateral or the power to transfer rights in the collateral to a secured
party; and (3) one of the following conditions is met: (A) the debtor has authenticated a
security agreement that provides a description of the collateral and, if the security interest
covers timber to be cut, a description of the land concerned; (B) the collateral is not a
certificated security and is in the possession of the secured party under...
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7-9A-615
Section 7-9A-615 Application of proceeds of disposition; liability for deficiency and
right to surplus. (a) Application of proceeds. A secured party shall apply or pay over for
application the cash proceeds of disposition under Section 7-9A-610 in the following
order to: (1) the reasonable expenses of retaking, holding, preparing for disposition, processing,
and disposing, and, to the extent provided for by agreement and not prohibited by law, reasonable
attorney's fees and legal expenses incurred by the secured party; (2) the satisfaction of
obligations secured by the security interest or agricultural lien under which the disposition
is made; (3) the satisfaction of obligations secured by any subordinate security interest
in or other subordinate lien on the collateral if: (A) the secured party receives from the
holder of the subordinate security interest or other lien an authenticated demand for proceeds
before distribution of the proceeds is completed; and (B) in a case in which a...
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27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section
1421, et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank.
(b) Notwithstanding any other provision of this chapter, the receiver for an insurer member
may not void any transfer of, or any obligation to transfer, money or any other property arising
under or in connection with any federal home loan bank security agreement, or any pledge,
security, collateral, or guarantee agreement, or any other similar arrangement or credit enhancement
relating to a federal home loan bank security agreement made in the ordinary course of business
and in compliance with the applicable federal home loan bank...
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7-9A-523
Section 7-9A-523 Information from filing office; sale or license of records. (a) Acknowledgment
of filing written record. If a person that files a written record requests an acknowledgment
of the filing, the filing office shall send to the person an image of the record showing the
number assigned to the record pursuant to Section 7-9A-519(a)(1) and the date and time
of the filing of the record. However, if the person furnishes a copy of the record to the
filing office, the filing office may instead: (1) note upon the copy the number assigned to
the record pursuant to Section 7-9A-519(a)(1) and the date and time of the filing of
the record; and (2) send the copy to the person. (b) Acknowledgment of filing other record.
If a person files a record other than a written record, the filing office shall communicate
to the person an acknowledgment that provides: (1) the information in the record; (2) the
number assigned to the record pursuant to Section 7-9A-519(a)(1); and (3) the date
and...
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