Rights and duties of certain secondary obligors.
13 Pa.C.S. § 9618
in effect(a) Rights and duties of secondary obligor.--A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:
(1) receives an assignment of a secured obligation from the secured party;
(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or
(3) is subrogated to the rights of a secured party with respect to collateral.
(b) Effect of assignment, transfer or subrogation.--An assignment, transfer or subrogation described in subsection
(a):
(1) is not a disposition of collateral under section 9610 (relating to disposition of collateral after default); and
(2) relieves the secured party of further duties under this division.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM&ttl=13Fetched: 10/16/2026