A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to:
Identified the collateral;
Was indexed under the debtor's name as of that date; and
Was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and
A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (a).
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions
Subpart 1 - Default and Enforcement of Security Interest
§ 75-9-602. Waiver and variance of rights and duties
§ 75-9-603. Agreement on standards concerning rights and duties
§ 75-9-604. Procedure if security agreement covers real property or fixtures
§ 75-9-605. Unknown debtor or secondary obligor
§ 75-9-606. Time of default for agricultural lien
§ 75-9-607. Collection and enforcement by secured party
§ 75-9-609. Secured party's right to take possession after default
§ 75-9-610. Disposition of collateral after default
§ 75-9-611. Notification before disposition of collateral
§ 75-9-612. Timeliness of notification before disposition of collateral
§ 75-9-613. Contents and form of notification before disposition of collateral: general
§ 75-9-615. Application of proceeds of disposition; liability for deficiency and right to surplus
§ 75-9-616. Explanation of calculation of surplus or deficiency
§ 75-9-617. Rights of transferee of collateral
§ 75-9-618. Rights and duties of certain secondary obligors
§ 75-9-619. Transfer of record or legal title
§ 75-9-621. Notification of proposal to accept collateral
§ 75-9-622. Effect of acceptance of collateral