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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : SECURED TRANSACTIONS

(Cite as: 9A V.S.A. § 9-602)
  • § 9-602. Waiver and variance of rights and duties

    Except as otherwise provided in section 9- 624 of this title, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:

    (1) subdivision 9- 207(b)(4)(C) of this title, which deals with use and operation of the collateral by the secured party;

    (2) section 9- 210 of this title, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

    (3) subsection 9- 607(c) of this title, which deals with collection and enforcement of collateral;

    (4) subsections 9- 608(a) and 9- 615(c) of this title to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

    (5) subsections 9- 608(a) and 9- 615(d) of this title to the extent that they require accounting for or payment of surplus proceeds of collateral;

    (6) section 9- 609 of this title to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;

    (7) subsection 9- 610(b) of this title, and sections 9- 611, 9- 613, and 9- 614 of this title, which deal with disposition of collateral;

    (8) subsection 9- 615(f) of this title, which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;

    (9) section 9- 616 of this title, which deals with explanation of the calculation of a surplus or deficiency;

    (10) sections 9- 620, 9- 621, and 9- 622 of this title, which deal with acceptance of collateral in satisfaction of obligation;

    (11) section 9- 623 of this title, which deals with redemption of collateral;

    (12) section 9- 624 of this title, which deals with permissible waivers; and

    (13) sections 9- 625 and 9- 626 of this title, which deal with the secured party's liability for failure to comply with this article. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)