The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.
A disposition of collateral is made in a commercially reasonable manner if the disposition is made:
A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:
In a judicial proceeding;
By a bona fide creditors' committee;
By a representative of creditors; or
Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 9 - Uniform Commercial Code-Secured Transactions
Subpart 2 - Noncompliance With Article
§ 75-9-625. Remedies for secured party's failure to comply with article
§ 75-9-626. Action in which deficiency or surplus is in issue
§ 75-9-627. Determination of whether conduct was commercially reasonable