Utah Code 70A-9a-602. Waiver and variance of rights and duties
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Except as otherwise provided in Section
(1) Subsection 70A-9a-207(2)(d)(iii) , which deals with use and operation of the collateral by the secured party;
Terms Used In Utah Code 70A-9a-602
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
(2) Section70A-9a-210 , which deals with requests for an accounting and requests concerning a list of collateral and statement of account;(3) Subsection70A-9a-607(3) , which deals with collection and enforcement of collateral;(4) Subsections70A-9a-608(1) and70A-9a-615(3) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;(5) Subsections70A-9a-608(1) and70A-9a-615(4) to the extent that they require accounting for or payment of surplus proceeds of collateral;(6) Section70A-9a-609 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) Subsection70A-9a-610(2) and Sections70A-9a-611 ,70A-9a-613 , and70A-9a-614 , which deal with disposition of collateral;(8) Subsection70A-9a-615(6) , 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) Section70A-9a-616 , which deals with explanation of the calculation of a surplus or deficiency;(10) Sections70A-9a-620 ,70A-9a-621 , and70A-9a-622 , which deal with acceptance of collateral in satisfaction of obligation;(11) Section70A-9a-623 , which deals with redemption of collateral;(12) Section70A-9a-624 , which deals with permissible waivers; and(13) Sections70A-9a-625 and70A-9a-626 , which deal with the secured party’s liability for failure to comply with this chapter.