Title 11 — Commercial Code
0 chapters · 563 sections in this title.
O.C.G.A. § 11-9-621 Notification of proposal to accept collateral
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(a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to: (1) Any person from which the secured party has received, before the debtor consented to the accept…
O.C.G.A. § 11-9-622 Effect of acceptance of collateral
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(a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures: (1) Discharges the obligation to the extent consented to by the debtor; (2) Transfers to the secured party all of a debtor’s rights in the collateral…
O.C.G.A. § 11-9-623 Right to redeem collateral
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(a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral. 927 11-9-623 (b) Requirements for redemption. To redeem collateral, a person shall tender: (1) Fulfillment of all obligations secured by the collateral; an…
O.C.G.A. § 11-9-624 Notification before disposition of collateral
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Timeliness of notification before disposition of collateral. Contents and form of notification before disposition of collateral; general. Contents and form of notification before disposition of collateral; consumer goods transaction. Application of proceeds of disposition; liability…
O.C.G.A. § 11-9-626 Action in which deficiency or surplus is in issue
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(a) Applicable rules if amount of deficiency or surplus in issue. In an action arising from a transaction, other than a consumer 935 11-9-626 transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply: (1) A secured party need not prove compl…
O.C.G.A. § 11-9-701 Effective date
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This article takes effect on July 1, 2001. History. Code 1981, § 11-9-701, enacted by Ga. L. 2001, p. 362, § 1.
O.C.G.A. § 11-9-702 Savings clause
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(a) Pre-effective date transactions or liens. Except as otherwise provided in this part, this article applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2001. (b) Continuing validity. Except as otherwise p…
O.C.G.A. § 11-9-703 Security interest perfected before effective date
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(a) Continuing priority over lien creditor; perfection requirements satisfied. A security interest that is enforceable immediately before July 1, 2001, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest un…
O.C.G.A. § 11-9-704 Security interest unperfected before effective date
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A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) Remains an enforceable security interest on and for one year after July 1, 2001; (2) Remains enforceabl…
O.C.G.A. § 11-9-705 Effectiveness of action taken before effective date
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(a) Pre-effective date action; one-year perfection period unless reperfected. If action, other than the filing of a financing statement, is taken before July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person that becomes a li…
O.C.G.A. § 11-9-707 Amendment of pre-effective date financing statement
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(a) “Pre-effective date financing statement.” In this Code section, “pre-effective date financing statement” means a financing statement filed before July 1, 2001. (b) Applicable law. On or after July 1, 2001, a person may add or delete collateral covered by, continue or terminate th…
O.C.G.A. § 11-9-709 Priority
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(a) Law governing priority. This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former Article 9 of this title determines priority. (b) Priority if security interest becom…
O.C.G.A. § 11-9-710 Exculpation
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From July 1, 2001, until July 1, 2006, any search company shall not be liable to its customer as a result of failing to disclose the existence of a filed financing statement in any filing office or index maintained by the authority searched in good faith by such search company to th…
O.C.G.A. § 11-9-801 Reserved
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History. Code 1981, § 11-9-801, enacted by Ga. L. 2013, p. 690, § 20/SB 185. 11-9-802. Savings clause.
O.C.G.A. § 11-9-802 Savings clause
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(a) Pre-effective date transactions or liens. Except as otherwise provided in this part, this article, as in effect on July 1, 2013, applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. 959 11-9-805 (b…
O.C.G.A. § 11-9-803 Security interest perfected before effective date
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(a) Continuing perfection; perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under this article, as in effect on July 1, 2013, if, on July 1, 2013, the applicable requireme…
O.C.G.A. § 11-9-804 Security interest unperfected before effective date
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A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: (1) Without further action, on July 1, 2013, if the applicable requirements for perfection under this article, as in effect on July 1, 2013, are sa…
O.C.G.A. § 11-9-805 Effectiveness of action taken before effective date
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(a) Pre-effective date filing effective. The filing of a financing statement before July 1, 2013, is effective to perfect a security interest 960 11-9-805 to the extent the filing would satisfy the applicable requirements for perfection under this article, as in effect on July 1, 201…
O.C.G.A. § 11-9-807 Amendment of pre-effective date financing statement
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(a) “Pre-effective date financing statement.” As used in this Code section, the term “pre-effective date financing statement” means a financing statement filed before July 1, 2013. (b) Applicable law. On or after July 1, 2013, a person may add or delete collateral covered by, continu…
O.C.G.A. § 11-9-809 Accessions
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Perfection and priority of security interest in, §11-9-335. Accident and sickness insurance. Health-care-insurance receivables. Defined, §11-9-102. Accounting. Defined, §11-9-102. Request for, §11-9-210. 1093 INDEX UNIFORM COMMERCIAL CODE —Cont’d Secured transactions —Cont’d After-…