Maine Revised Statutes
Subpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST
11 §9-1624. Waiver

§9-1624. Waiver
(1).  A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9-1611 only by an agreement to that effect entered into and authenticated after default.  
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2).  A debtor may waive the right to require disposition of collateral under section 9-1620, subsection (5) only by an agreement to that effect entered into and authenticated after default.  
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(3).  Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9-1623 only by an agreement to that effect entered into and authenticated after default.  
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).

Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 11: UNIFORM COMMERCIAL CODE

Article 9-A: TRANSACTIONS

Part 6: DEFAULT

Subpart 1: DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

11 §9-1601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes

11 §9-1602. Waiver and variance of rights and duties

11 §9-1603. Agreement on standards concerning rights and duties

11 §9-1604. Procedure if security agreement covers real property or fixtures

11 §9-1605. Unknown debtor or secondary obligor

11 §9-1606. Time of default for agricultural lien

11 §9-1607. Collection and enforcement by secured party

11 §9-1608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus

11 §9-1609. Secured party's right to take possession after default

11 §9-1610. Disposition of collateral after default

11 §9-1611. Notification before disposition of collateral

11 §9-1612. Timeliness of notification before disposition of collateral

11 §9-1613. Contents and form of notification before disposition of collateral: general

11 §9-1614. Contents and form of notification before disposition of collateral: consumer-goods transaction

11 §9-1615. Application of proceeds of disposition; liability for deficiency and right to surplus

11 §9-1616. Explanation of calculation of surplus or deficiency

11 §9-1617. Rights of transferee of collateral

11 §9-1618. Rights and duties of certain secondary obligors

11 §9-1619. Transfer of record or legal title

11 §9-1620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral

11 §9-1621. Notification of proposal to accept collateral

11 §9-1622. Effect of acceptance of collateral

11 §9-1623. Right to redeem collateral

11 §9-1624. Waiver