SECTION 679.617. Rights of transferee of collateral.

Latest version.

1(1) 2A secured party’s disposition of collateral after default:
10(a) 11Transfers to a transferee for value all of the debtor’s rights in the collateral;
25(b) 26Discharges the security interest under which the disposition is made; and
37(c) 38Discharges any subordinate security interest or other subordinate lien other than liens created under statutes providing for liens, if any, that are not to be discharged.
64(2) 65A transferee that acts in good faith takes free of the rights and interests described in subsection (1), even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.
101(3) 102If a transferee does not take free of the rights and interests described in subsection (1), the transferee takes the collateral subject to:
125(a) 126The debtor’s rights in the collateral;
132(b) 133The security interest or agricultural lien under which the disposition is made; and
146(c) 147Any other security interest or other lien.

History.-s. 7, ch. 2001-198.

Bills Cite this Section:

None

Cited by Court Cases:

None

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        var href = decodeURIComponent(window.location.href);
                        var url = decodeURIComponent(escape(href.split("#")[0]));
                        url = decodeURIComponent(escape(url.split(",")[0]));
                        art.dialog.defaults.title = url;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');