Alabama Code (Last Updated: November 28, 2014) |
Title7 COMMERCIAL CODE. |
Article9A. SECURED TRANSACTIONS. |
Part6. DEFAULT. |
Division1. Default and Enforcement of Security Interest. |
§7-9A-624. Waiver.
Latest version.
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(a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under Section 7-9A-611 only by an agreement to that effect entered into and authenticated after default.
(b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under Section 7-9A-620(e) only by an agreement to that effect entered into and authenticated after default.
(c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under Section 7-9A-623 only by an agreement to that effect entered into and authenticated after default.