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Tenn. Code Ann. § 47-9-602

Waiver and variance of rights and duties

Known as the Uniform Commercial Code

The act spans §§ 47–47 (578 sections).

Applied in 1 court decision — leading case Pamperin v. Streamline Mfg., Inc. (2008)

Most recently applied in Pamperin v. Streamline Mfg., Inc. (March 2008)

Acts 2000, ch. 846, § 1.

Except as otherwise provided in § 47-9-624, 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:

(1) Section 47-9-207(b)(4)(C), which deals with use and operation of the collateral by the secured party;

(2) Section 47-9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;

(3) Section 47-9-607(c), which deals with collection and enforcement of collateral;

(4) Sections 47-9-608(a) and 47-9-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;

(5) Sections 47-9-608(a) and 47-9-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;

(6) Section 47-9-609 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;

(7) Sections 47-9-610(b), 47-9-611, 47-9-613, and 47-9-614, which deal with disposition of collateral;

(8) Section 47-9-615(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;

(9) Section 47-9-616, which deals with explanation of the calculation of a surplus or deficiency;

(10) Sections 47-9-620, 47-9-621, and 47-9-622, which deal with acceptance of collateral in satisfaction of obligation;

(11) Section 47-9-623, which deals with redemption of collateral;

(12) Section 47-9-624, which deals with permissible waivers; and

(13) Sections 47-9-625 and 47-9-626, which deal with the secured party's liability for failure to comply with this chapter.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.