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Current as of March 28, 2024 | Updated by Findlaw Staff
Except as otherwise provided in Code Section 11-9-624, 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) Subparagraph (b)(4)(C) of Code Section 11-9-207, which deals with use and operation of the collateral by the secured party;
(2) Code Section 11-9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3) Subsection (c) of Code Section 11-9-607, which deals with collection and enforcement of collateral;
(4) Subsection (a) of Code Section 11-9-608 and subsection (c) of Code Section 11-9-615 to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5) Subsection (a) of Code Section 11-9-608 and subsection (d) of Code Section 11-9-615 to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6) Code Section 11-9-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(7) Subsection (b) of Code Section 11-9-610 and Code Sections 11-9-611, 11-9-613, and 11-9-614, which deal with disposition of collateral;
(8) Subsection (f) of Code Section 11-9-615, 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) Code Section 11-9-616, which deals with explanation of the calculation of a surplus or deficiency;
(10) Code Sections 11-9-620, 11-9-621, and 11-9-622, which deal with acceptance of collateral in satisfaction of obligation;
(11) Code Section 11-9-623, which deals with redemption of collateral;
(12) Code Section 11-9-624, which deals with permissible waivers; and
(13) Code Sections 11-9-625 and 11-9-626, which deal with the secured party's liability for failure to comply with this article.
Cite this article: FindLaw.com - Georgia Code Title 11. Commercial Code § 11-9-602 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-11-commercial-code/ga-code-sect-11-9-602/
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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