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Mont. Code Ann. § 30-9A-602

Waiver and variance of rights and duties

Known as the Uniform Commercial Code

The act spans §§ 30–30 (713 sections).

En

Except as provided in 30-9A-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:

(1) 30-9A-207 (2)(d)(iii), which deals with use and operation of the collateral by the secured party;

(2) 30-9A-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

(3) 30-9A-607 (3), which deals with collection and enforcement of collateral;

(4) 30-9A-608 (1) and 30-9A-615 (3) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

(5) 30-9A-608 (1) and 30-9A-615 (4) to the extent that they require accounting for or payment of surplus proceeds of collateral;

(6) 30-9A-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) 30-9A-610 (2), 30-9A-611, 30-9A-613, and 30-9A-614, which deal with disposition of collateral;

(8) 30-9A-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) 30-9A-616, which deals with explanation of the calculation of a surplus or deficiency;

(10) 30-9A-620 through 30-9A-622, which deal with acceptance of collateral in satisfaction of obligation;

(11) 30-9A-623, which deals with redemption of collateral;

(12) 30-9A-624, which deals with permissible waivers; and

(13) 30-9A-625 and 30-9A-626, which deal with the secured party's liability for failure to comply with this chapter.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.