Corpus

Waiver and variance of rights and duties.

Miss. Code Ann. § 75-9-602
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except as otherwise provided in Section 75-9-624, 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: Section 75-9-207(b)(4)(C), which deals with use and operation of the collateral by the secured party; Section 75-9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account; Section 75-9-607(c), which deals with collection and enforcement of collateral; Sections 75-9-608(a) and 75-9-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition; Sections 75-9-608(a) and 75-9-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral; Section 75-9-609 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; Sections 75-9-610(b), 75-9-611, 75-9-613, and 75-9-614, which deal with disposition of collateral; Section 75-9-615(f), 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; Section 75-9-616, which deals with explanation of the calculation of a surplus or deficiency; Sections 75-9-620, 75-9-621, and 75-9-622, which deal with acceptance of collateral in satisfaction of obligation; Section 75-9-623, which deals with redemption of collateral; Section 75-9-624, which deals with permissible waivers; and Sections 75-9-625 and 75-9-626, which deal with the secured party’s liability for failure to comply with this article.