47-9621. Notification of proposal to accept
collateral


A. A secured party that desires to accept collateral in full or partial
satisfaction of the obligation it secures shall send its proposal to:


1. Any person from which the secured party has received, before the debtor
consented to the acceptance, an authenticated notification of a claim of an interest in
the collateral;


2. Any other secured party or lienholder that, ten days before the debtor consented
to the acceptance, held a security interest in or other lien on the collateral perfected
by the filing of a financing statement that:


(a) Identified the collateral;


(b) Was indexed under the debtor's name as of that date; and


(c) Was filed in the office or offices in which to file a financing statement
against the debtor covering the collateral as of that date; and


3. Any other secured party that, ten days before the debtor consented to the
acceptance, held a security interest in the collateral perfected by compliance with a
statute, regulation or treaty described in section 47-9311, subsection A.


B. A secured party that desires to accept collateral in partial satisfaction of the
obligation it secures shall send its proposal to any secondary obligor in addition to the
persons described in subsection A of this section.