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Current as of January 01, 2025 | Updated by Findlaw Staff
Except as otherwise provided in § 47-9624, to the extent that the rules 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 47-9207, subsection B, paragraph 4, subdivision (c), which deals with use and operation of the collateral by the secured party;
2. Section 47-9210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
3. Section 47-9607, subsection C, which deals with collection and enforcement of collateral;
4. Section 47-9608, subsection A and § 47-9615, subsection C to the extent that they deal with application or payment of noncash proceeds of collection, enforcement or disposition;
5. Section 47-9608, subsection A and § 47-9615, subsection D to the extent that they require accounting for or payment of surplus proceeds of collateral;
6. Section 47-9609 to the extent that it imposes on a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
7. Section 47-9610, subsection B and §§ 47-9611, 47-9613 and 47-9614, which deal with disposition of collateral;
8. Section 47-9615, subsection 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. Section 47-9616, which deals with explanation of the calculation of a surplus or deficiency;
10. Sections 47-9620, 47-9621 and 47-9622, which deal with acceptance of collateral in satisfaction of obligation;
11. Section 47-9623, which deals with redemption of collateral;
12. Section 47-9624, which deals with permissible waivers; and
13. Sections 47-9625 and 47-9626, which deal with the secured party's liability for failure to comply with this chapter.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9602. Waiver and variance of rights and duties - last updated January 01, 2025 | https://codes.findlaw.com/az/title-47-uniform-commercial-code/az-rev-st-sect-47-9602/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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