State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-602

§ 25‑9‑602. Waiver and variance of rights and duties.

Except as otherwise providedin G.S. 25‑9‑624, to the extent that they give rights to a debtoror obligor and impose duties on a secured party, the debtor or obligor may notwaive or vary the rules stated in the following listed sections:

(1)        G.S. 25‑9‑207(b)(4)c.,which deals with use and operation of the collateral by the secured party;

(2)        G.S. 25‑9‑210,which deals with requests for an accounting and requests concerning a list ofcollateral and statement of account;

(3)        G.S. 25‑9‑607(c),which deals with collection and enforcement of collateral;

(4)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(c) to the extent that they deal with applicationor payment of noncash proceeds of collection, enforcement, or disposition;

(5)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(d) to the extent that they require accounting foror payment of surplus proceeds of collateral;

(6)        G.S. 25‑9‑609to the extent that it imposes upon a secured party that takes possession ofcollateral without judicial process the duty to do so without breach of thepeace;

(7)        G.S. 25‑9‑610(b),25‑9‑611, 25‑9‑613, and 25‑9‑614, whichdeal with disposition of collateral;

(8)        G.S. 25‑9‑615(f),which deals with calculation of a deficiency or surplus when a disposition ismade to the secured party, a person related to the secured party, or asecondary obligor;

(9)        G.S. 25‑9‑616,which deals with explanation of the calculation of a surplus or deficiency;

(10)      G.S. 25‑9‑620,25‑9‑621, and 25‑9‑622, which deal with acceptance ofcollateral in satisfaction of obligation;

(11)      G.S. 25‑9‑623,which deals with redemption of collateral;

(12)      G.S. 25‑9‑624,which deals with permissible waivers; and

(13)      G.S. 25‑9‑625and G.S. 25‑9‑626, which deal with the secured party's liabilityfor failure to comply with this Article. (1866‑7, c. 1, s. 2;1872‑3, c. 133, s. 2; 1883, c. 88; Code, s. 1800; 1893, c. 9; Rev., s.2054; C.S., s. 2488; 1961, c. 574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-602

§ 25‑9‑602. Waiver and variance of rights and duties.

Except as otherwise providedin G.S. 25‑9‑624, to the extent that they give rights to a debtoror obligor and impose duties on a secured party, the debtor or obligor may notwaive or vary the rules stated in the following listed sections:

(1)        G.S. 25‑9‑207(b)(4)c.,which deals with use and operation of the collateral by the secured party;

(2)        G.S. 25‑9‑210,which deals with requests for an accounting and requests concerning a list ofcollateral and statement of account;

(3)        G.S. 25‑9‑607(c),which deals with collection and enforcement of collateral;

(4)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(c) to the extent that they deal with applicationor payment of noncash proceeds of collection, enforcement, or disposition;

(5)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(d) to the extent that they require accounting foror payment of surplus proceeds of collateral;

(6)        G.S. 25‑9‑609to the extent that it imposes upon a secured party that takes possession ofcollateral without judicial process the duty to do so without breach of thepeace;

(7)        G.S. 25‑9‑610(b),25‑9‑611, 25‑9‑613, and 25‑9‑614, whichdeal with disposition of collateral;

(8)        G.S. 25‑9‑615(f),which deals with calculation of a deficiency or surplus when a disposition ismade to the secured party, a person related to the secured party, or asecondary obligor;

(9)        G.S. 25‑9‑616,which deals with explanation of the calculation of a surplus or deficiency;

(10)      G.S. 25‑9‑620,25‑9‑621, and 25‑9‑622, which deal with acceptance ofcollateral in satisfaction of obligation;

(11)      G.S. 25‑9‑623,which deals with redemption of collateral;

(12)      G.S. 25‑9‑624,which deals with permissible waivers; and

(13)      G.S. 25‑9‑625and G.S. 25‑9‑626, which deal with the secured party's liabilityfor failure to comply with this Article. (1866‑7, c. 1, s. 2;1872‑3, c. 133, s. 2; 1883, c. 88; Code, s. 1800; 1893, c. 9; Rev., s.2054; C.S., s. 2488; 1961, c. 574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-602

§ 25‑9‑602. Waiver and variance of rights and duties.

Except as otherwise providedin G.S. 25‑9‑624, to the extent that they give rights to a debtoror obligor and impose duties on a secured party, the debtor or obligor may notwaive or vary the rules stated in the following listed sections:

(1)        G.S. 25‑9‑207(b)(4)c.,which deals with use and operation of the collateral by the secured party;

(2)        G.S. 25‑9‑210,which deals with requests for an accounting and requests concerning a list ofcollateral and statement of account;

(3)        G.S. 25‑9‑607(c),which deals with collection and enforcement of collateral;

(4)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(c) to the extent that they deal with applicationor payment of noncash proceeds of collection, enforcement, or disposition;

(5)        G.S. 25‑9‑608(a)and G.S. 25‑9‑615(d) to the extent that they require accounting foror payment of surplus proceeds of collateral;

(6)        G.S. 25‑9‑609to the extent that it imposes upon a secured party that takes possession ofcollateral without judicial process the duty to do so without breach of thepeace;

(7)        G.S. 25‑9‑610(b),25‑9‑611, 25‑9‑613, and 25‑9‑614, whichdeal with disposition of collateral;

(8)        G.S. 25‑9‑615(f),which deals with calculation of a deficiency or surplus when a disposition ismade to the secured party, a person related to the secured party, or asecondary obligor;

(9)        G.S. 25‑9‑616,which deals with explanation of the calculation of a surplus or deficiency;

(10)      G.S. 25‑9‑620,25‑9‑621, and 25‑9‑622, which deal with acceptance ofcollateral in satisfaction of obligation;

(11)      G.S. 25‑9‑623,which deals with redemption of collateral;

(12)      G.S. 25‑9‑624,which deals with permissible waivers; and

(13)      G.S. 25‑9‑625and G.S. 25‑9‑626, which deal with the secured party's liabilityfor failure to comply with this Article. (1866‑7, c. 1, s. 2;1872‑3, c. 133, s. 2; 1883, c. 88; Code, s. 1800; 1893, c. 9; Rev., s.2054; C.S., s. 2488; 1961, c. 574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000‑169,s. 1.)