---
title: O.C.G.A. § 11-9-622. Effect of acceptance of collateral.
collection: code
id: 11-9-622
cite_as: O.C.G.A. § 11-9-622 (2025)
canonical_url: https://georgiacommons.org/code/11-9-622
md_url: https://georgiacommons.org/code/11-9-622.md
text_url: https://georgiacommons.org/code/11-9-622/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=939
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / DEFAULT / Default and Enforcement of Security Interest
---

# O.C.G.A. § 11-9-622. Effect of acceptance of collateral.

(a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:

(1) Discharges the obligation to the extent consented to by the debtor;

(2) Transfers to the secured party all of a debtor’s rights in the collateral;

(3) Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and

(4) Terminates any other subordinate interest.

(b) Discharge of subordinate interest notwithstanding noncompliance. A subordinate interest is discharged or terminated under subsection (a) of this Code section, even if the secured party fails to comply with this article.

## History

Code 1981, § 11-9-622, enacted by Ga. L. 2001, p. 362, § 1.