RCW 62A.9A-618
Rights and duties of certain secondary obligors.
(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:
(1) Receives an assignment of a secured obligation from the secured party;
(2) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or
(3) Is subrogated to the rights of a secured party with respect to collateral.
(b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a) of this section:
(1) Is not a disposition of collateral under RCW 62A.9A-610; and
(2) Relieves the secured party of further duties under this Article.
[2000 c 250 § 9A-618.]
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.9A - Secured Transactions; Sales of Accounts, Contract Rights and Chattel Paper.
62A.9A-102 - Definitions and index of definitions.
62A.9A-103 - Purchase-money security interest; application of payments; burden of establishing.
62A.9A-104 - Control of deposit account.
62A.9A-105 - Control of electronic chattel paper.
62A.9A-106 - Control of investment property.
62A.9A-107 - Control of letter-of-credit right.
62A.9A-108 - Sufficiency of description in security agreement.
62A.9A-110 - Security interests arising under Article 2 or 2A.
62A.9A-201 - General effectiveness of security agreement.
62A.9A-202 - Title to collateral immaterial.
62A.9A-204 - After-acquired property; future advances.
62A.9A-205 - Use or disposition of collateral permissible.
62A.9A-206 - Security interest arising in purchase or delivery of financial asset.
62A.9A-207 - Rights and duties of secured party having possession or control of collateral.
62A.9A-208 - Additional duties of secured party having control of collateral.
62A.9A-209 - Duties of secured party if account debtor has been notified of assignment.
62A.9A-210 - Request for accounting; request regarding list of collateral or statement of account.
62A.9A-301 - Law governing perfection and priority of security interests.
62A.9A-302 - Law governing perfection and priority of agricultural liens.
62A.9A-304 - Law governing perfection and priority of security interests in deposit accounts.
62A.9A-305 - Law governing perfection and priority of security interests in investment property.
62A.9A-306 - Law governing perfection and priority of security interests in letter-of-credit rights.
62A.9A-307 - Location of debtor.
62A.9A-308 - When security interest or agricultural lien is perfected; continuity of perfection.
62A.9A-309 - Security interest perfected upon attachment.
62A.9A-314 - Perfection by control.
62A.9A-315 - Secured party's rights on disposition of collateral and in proceeds.
62A.9A-316 - Effect of change in governing law.
62A.9A-319 - Rights and title of consignee with respect to creditors and purchasers.
62A.9A-321 - Licensee of general intangible and lessee of goods in ordinary course of business.
62A.9A-324 - Priority of purchase-money security interests.
62A.9A-325 - Priority of security interests in transferred collateral.
62A.9A-326 - Priority of security interests created by new debtor.
62A.9A-327 - Priority of security interests in deposit account.
62A.9A-328 - Priority of security interests in investment property.
62A.9A-329 - Priority of security interests in letter-of-credit right.
62A.9A-330 - Priority of purchaser of chattel paper or instrument.
62A.9A-332 - Transfer of money; transfer of funds from deposit account.
62A.9A-333 - Priority of certain liens arising by operation of law.
62A.9A-334 - Priority of security interests in fixtures and crops.
62A.9A-336 - Commingled goods.
62A.9A-337 - Priority of security interests in goods covered by certificate of title.
62A.9A-339 - Priority subject to subordination.
62A.9A-340 - Effectiveness of right of recoupment or set-off against deposit account.
62A.9A-341 - Bank's rights and duties with respect to deposit account.
62A.9A-342 - Bank's right to refuse to enter into or disclose existence of control agreement.
62A.9A-401 - Alienability of debtor's rights.
62A.9A-402 - Secured party not obligated on contract of debtor or in tort.
62A.9A-403 - Agreement not to assert defenses against assignee.
62A.9A-404 - Rights acquired by assignee; claims and defenses against assignee.
62A.9A-405 - Modification of assigned contract.
62A.9A-409 - Restrictions on assignment of letter-of-credit rights ineffective.
62A.9A-503 - Name of debtor and secured party.
62A.9A-504 - Indication of collateral.
62A.9A-506 - Effect of errors or omissions.
62A.9A-507 - Effect of certain events on effectiveness of financing statement.
62A.9A-508 - Effectiveness of financing statement if new debtor becomes bound by security agreement.
62A.9A-509 - Persons entitled to file a record.
62A.9A-510 - Effectiveness of filed record.
62A.9A-511 - Secured party of record.
62A.9A-512 - Amendment of financing statement.
62A.9A-513 - Termination statement.
62A.9A-514 - Assignment of powers of secured party of record.
62A.9A-516 - What constitutes filing; effectiveness of filing.
62A.9A-517 - Effect of indexing errors.
62A.9A-518 - Claim concerning inaccurate or wrongfully filed record.
62A.9A-520 - Acceptance and refusal to accept record.
62A.9A-521 - Uniform form of written financing statement and amendment.
62A.9A-522 - Maintenance and destruction of records.
62A.9A-523 - Information from filing office; sale or license of records.
62A.9A-524 - Delay by filing office.
62A.9A-526 - Filing-office rules.
62A.9A-602 - Waiver and variance of rights and duties.
62A.9A-603 - Agreement on standards concerning rights and duties.
62A.9A-604 - Procedure if security agreement covers real property, fixtures, or manufactured home.
62A.9A-605 - Unknown debtor or secondary obligor.
62A.9A-606 - Time of default for agricultural lien.
62A.9A-607 - Collection and enforcement by secured party.
62A.9A-609 - Secured party's right to take possession after default.
62A.9A-610 - Disposition of collateral after default.
62A.9A-611 - Notification before disposition of collateral.
62A.9A-612 - Timeliness of notification before disposition of collateral.
62A.9A-613 - Contents and form of notification before disposition of collateral: General.
62A.9A-615 - Application of proceeds of disposition; liability for deficiency and right to surplus.
62A.9A-616 - Explanation of calculation of surplus or deficiency.
62A.9A-617 - Rights of transferee of collateral.
62A.9A-618 - Rights and duties of certain secondary obligors.
62A.9A-619 - Transfer of record or legal title.
62A.9A-621 - Notification of proposal to accept collateral.
62A.9A-622 - Effect of acceptance of collateral.
62A.9A-623 - Right to redeem collateral.
62A.9A-625 - Remedies for secured party's failure to comply with Article.
62A.9A-626 - Action in which deficiency or surplus is in issue.
62A.9A-627 - Determination of whether conduct was commercially reasonable.
62A.9A-701 - Effective date—2000 c 250.
62A.9A-703 - Security interest perfected before effective date.
62A.9A-704 - Security interest unperfected before effective date.
62A.9A-705 - Effectiveness of action taken before effective date.
62A.9A-707 - Amendment of preeffective-date financing statement.
62A.9A-708 - Persons entitled to file initial financing statement or continuation statement.
62A.9A-803 - Security interest perfected before effective date.
62A.9A-804 - Security interest unperfected before effective date.
62A.9A-805 - Effectiveness of action taken before effective date.
62A.9A-807 - Amendment of preeffective date financing statement.
62A.9A-808 - Person entitled to file initial financing statement or continuation statement.