70A-9a-611. Notification before disposition of collateral.
(1) In this section, "notification date" means the earlier of the date on which: a secured party sends to the debtor and any secondary obligor a signed notification of disposition; or the debtor and any secondary obligor waive the right to notification.
(2) Except as otherwise provided in Subsection, a secured party that disposes of collateral under Sectionshall send to the persons specified in Subsectiona reasonable signed notification of disposition. (4) 70A-9a-610 (3)
(3) To comply with Subsection, the secured party shall send a signed notification of disposition to: (2) the debtor; any secondary obligor; and if the collateral is other than consumer goods: any other person from which the secured party has received, before the notification date, a signed notification of a claim of an interest in the collateral; any other secured party or lienholder that, 10 days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that: identified the collateral; was indexed under the debtor's name as of that date; and was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and any other secured party that, 10 days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in Subsection. 70A-9a-311(1)
(4) Subsectiondoes not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market. (2)
(5) A secured party complies with the requirement for notification prescribed by Subsectionif: (3)(c)(ii) not later than 20 days or earlier than 30 days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in Subsection; and (3)(c)(ii) before the notification date, the secured party: did not receive a response to the request for information; or received a response to the request for information and sent a signed notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.