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Georgia Commons

Código Oficial de Georgia Anotado

Título 11. COMMERCIAL CODE · Capítulo 9. · Artículo 9. SECURED TRANSACTIONS · Parte 6. DEFAULT

11-9-617. Rights of transferee of collateral.

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)

    Effects of disposition. A secured party’s disposition of collateral after default:#

    1. (1)

      Transfers to a transferee for value all of the debtor’s rights in the collateral;#

    2. (2)

      Discharges the security interest under which the disposition is made; and#

    3. (3)

      Discharges any subordinate security interest or other subordinate lien.#

  2. (b)

    Rights of good faith transferee. A transferee that acts in good faith takes free of the rights and interests described in subsection (a) of this Code section, even if the secured party fails to comply with this article or the requirements of any judicial proceeding.#

  3. (c)

    Rights of other transferee. If a transferee does not take free of the rights and interests described in subsection (a) of this Code section, the transferee takes the collateral subject to:#

    1. (1)

      The debtor’s rights in the collateral;#

    2. (2)

      The security interest or agricultural lien under which the disposition is made; and#

    3. (3)

      Any other security interest or other lien.#

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, § 11-9-617, enacted by Ga. L. 2001, p. 362, § 1.

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 932; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.