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Georgia Commons

Código Oficial de Georgia Anotado

Título 11. COMMERCIAL CODE · Capítulo 9. · Artículo 9. SECURED TRANSACTIONS · Parte 2. EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT

11-9-205. Use or disposition of collateral permissible.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    When security interest not invalid or fraudulent. A security interest is not invalid or fraudulent against creditors solely because:#

    1. (1)

      The debtor has the right or ability to:#

      1. (A)

        Use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods;#

      2. (B)

        Collect, compromise, enforce, or otherwise deal with collateral;#

      3. (C)

        Accept the return of collateral or make repossessions; or#

      4. (D)

        Use, commingle, or dispose of proceeds; or#

    2. (2)

      The secured party fails to require the debtor to account for proceeds or replace collateral.#

  2. (b)

    Requirements of possession not relaxed. This Code section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 11-9-205, enacted by Ga. L. 2001, p. 362, § 1.

Law reviews

For article discussing the classification of a continuing security interest in changing collateral as an unenforceable preference under Section 60a of the Bankruptcy Act, see 1 Ga. L. Rev. 257 (1967). For note examining the conflict between the floating lien in after-acquired property under the Uniform Commercial Code and the voidable preferences provisions of the Bankruptcy Act, see 9 Ga. L. Rev. 685 (1975). For article, “The Good Faith Purchase Idea and the Uniform Commercial Code,” see 15 Ga. L. Rev. 605 (1981).

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t11-(v9)-2022-pdf.pdf, Volumen V9, edición 2022, página 765; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.