Michigan Compiled Laws
174-1962-9-6 - Part 6 Default (440.9601...440.9628)
174-1962-9-6-1. - Subpart 1. Default and Enforcement of Security Interest (440.9601...440.9624)

Section 440.9601 - Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes. - Sec. 9601. (1) After default, a secured party has the...

Section 440.9602 - Waiver and Variance of Rights and Duties. - Sec. 9602. Except as otherwise provided in section 9624, to...

Section 440.9603 - Agreement on Standards Concerning Rights and Duties. - Sec. 9603. (1) The parties may determine by agreement the...

Section 440.9604 - Procedure if Security Agreement Covers Real Property or Fixtures. - Sec. 9604. (1) If a security agreement covers both personal...

Section 440.9605 - Unknown Debtor or Secondary Obligor. - Sec. 9605. A secured party does not owe a duty...

Section 440.9606 - Time of Default for Agricultural Lien. - Sec. 9606. For purposes of this part, a default occurs...

Section 440.9607 - Collection and Enforcement by Secured Party. - Sec. 9607. (1) If so agreed, and in any event...

Section 440.9608 - Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus. - Sec. 9608. (1) If a security interest or agricultural lien...

Section 440.9609 - Secured Party's Right to Take Possession After Default. - Sec. 9609. (1) After default, a secured party may do...

Section 440.9610 - Disposition of Collateral After Default. - Sec. 9610. (1) After default, a secured party may sell,...

Section 440.9611 - Notification Before Disposition of Collateral. - Sec. 9611. (1) As used in this section, "notification date"...

Section 440.9612 - Timeliness of Notification Before Disposition of Collateral. - Sec. 9612. (1) Except as otherwise provided in subsection (2),...

Section 440.9613 - Contents and Form of Notification Before Disposition of Collateral; Generally. - Sec. 9613. Except in a consumer-goods transaction, the following rules...

Section 440.9614 - Contents and Form of Notification Before Disposition of Collateral; Consumer-Goods Transaction. - Sec. 9614. In a consumer-goods transaction, the following rules apply:...

Section 440.9615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus. - Sec. 9615. (1) A secured party shall apply or pay...

Section 440.9616 - Explanation of Calculation of Surplus or Deficiency. - Sec. 9616. (1) As used in this section: (a) "Explanation"...

Section 440.9617 - Rights of Transferee of Collateral. - Sec. 9617. (1) A secured party's disposition of collateral after...

Section 440.9618 - Rights and Duties of Certain Secondary Obligors. - Sec. 9618. (1) A secondary obligor acquires the rights and...

Section 440.9619 - Transfer of Record or Legal Title. - Sec. 9619. (1) As used in this section, "transfer statement"...

Section 440.9620 - Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral. - Sec. 9620. (1) Except as otherwise provided in subsection (7),...

Section 440.9621 - Notification of Proposal to Accept Collateral. - Sec. 9621. (1) A secured party that desires to accept...

Section 440.9622 - Effect of Acceptance of Collateral. - Sec. 9622. (1) A secured party's acceptance of collateral in...

Section 440.9623 - Right to Redeem Collateral. - Sec. 9623. (1) A debtor, any secondary obligor, or any...

Section 440.9624 - Waiver. - Sec. 9624. (1) A debtor or secondary obligor may waive...