§ 6A-9-617 Rights of transferee ofcollateral. – (a) Effects of disposition. A secured party's disposition of collateralafter default:
(1) Transfers to a transferee for value all of the debtor'srights in the collateral;
(2) Discharges the security interest under which thedisposition is made; and
(3) Discharges any subordinate security interest or othersubordinate lien [other than liens created under [cite acts orstatutes providing for liens, if any, that are not to be discharged]].
(b) Rights of good-faith transferee. A transferee thatacts in good faith takes free of the rights and interests described insubsection (a), even if the secured party fails to comply with this chapter orthe requirements of any judicial proceeding.
(c) Rights of other transferee. If a transferee doesnot take free of the rights and interests described in subsection (a), thetransferee takes the collateral subject to:
(1) The debtor's rights in the collateral;
(2) The security interest or agricultural lien under whichthe disposition is made; and
§ 6A-9-617 Rights of transferee ofcollateral. – (a) Effects of disposition. A secured party's disposition of collateralafter default:
(1) Transfers to a transferee for value all of the debtor'srights in the collateral;
(2) Discharges the security interest under which thedisposition is made; and
(3) Discharges any subordinate security interest or othersubordinate lien [other than liens created under [cite acts orstatutes providing for liens, if any, that are not to be discharged]].
(b) Rights of good-faith transferee. A transferee thatacts in good faith takes free of the rights and interests described insubsection (a), even if the secured party fails to comply with this chapter orthe requirements of any judicial proceeding.
(c) Rights of other transferee. If a transferee doesnot take free of the rights and interests described in subsection (a), thetransferee takes the collateral subject to:
(1) The debtor's rights in the collateral;
(2) The security interest or agricultural lien under whichthe disposition is made; and
§ 6A-9-617 Rights of transferee ofcollateral. – (a) Effects of disposition. A secured party's disposition of collateralafter default:
(1) Transfers to a transferee for value all of the debtor'srights in the collateral;
(2) Discharges the security interest under which thedisposition is made; and
(3) Discharges any subordinate security interest or othersubordinate lien [other than liens created under [cite acts orstatutes providing for liens, if any, that are not to be discharged]].
(b) Rights of good-faith transferee. A transferee thatacts in good faith takes free of the rights and interests described insubsection (a), even if the secured party fails to comply with this chapter orthe requirements of any judicial proceeding.
(c) Rights of other transferee. If a transferee doesnot take free of the rights and interests described in subsection (a), thetransferee takes the collateral subject to:
(1) The debtor's rights in the collateral;
(2) The security interest or agricultural lien under whichthe disposition is made; and
