California Commercial Code 9624 – (a) A debtor or secondary obligor may waive the right to …
Current as of: 2024 | Check for updates
|
Other versions
(a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 9611 only by an agreement to that effect entered into and signed after default.
(b) A debtor may waive the right to require disposition of collateral under subdivision (e) of Section 9620 only by an agreement to that effect entered into and signed after default.
Terms Used In California Commercial Code 9624
- agreement: means the total legal obligation that results from the parties' agreement as determined by this code and as supplemented by any other applicable laws. See California Commercial Code 1201
- Right: includes remedy. See California Commercial Code 1201
(c) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 9623 only by an agreement to that effect entered into and signed after default.
(Amended by Stats. 2023, Ch. 210, Sec. 72. (SB 95) Effective January 1, 2024.)