Texas Business & Commerce Code

§ 9.602 — WAIVER AND VARIANCE OF RIGHTS AND DUTIES

BC § 9.602Title 1. UNIFORM COMMERCIAL CODE · Ch. 9. SECURED TRANSACTIONS · Art. F. DEFAULT

Statute text

Except as otherwise provided in Section 9.624, 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)Section 9.207(b)(4)(C), which deals with use and operation of the collateral by the secured party;

(2)Section 9.210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

(3)Section 9.607(c), which deals with collection and enforcement of collateral;

(4)Sections 9.608(a) and 9.615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

(5)Sections 9.608(a) and 9.615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;

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Legislative history

Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.