Arizona § 47-9617 Rights of transferee of collateral

Arizona Statutes

§ 47-9617 — Rights of transferee of collateral

Arizona § 47-9617

Title 47Arizona Revised Statutes

Ch. 9SECURED TRANSACTIONS

Art. 6Default

This text of Arizona § 47-9617 (Rights of transferee of collateral) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-9617 (2026).

Text

A.A secured party's disposition of collateral after default:

1.Transfers to a transferee for value all of the debtor's rights in the collateral;

2.Discharges the security interest under which the disposition is made; and

3.Discharges any subordinate security interest or other subordinate lien.

B.A transferee that acts in good faith takes free of the rights and interests described in subsection A, even if the secured party fails to comply with this article or the requirements of any judicial proceeding.

C.If a transferee does not take free of the rights and interests described in subsection A, the transferee takes the collateral subject to:

1.The debtor's rights in the collateral;

2.The security interest or agricultural lien under which the disposition is made; and

3.Any ot

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A. A secured party's disposition of collateral after default:

1. Transfers to a transferee for value all of the debtor's rights in the collateral;

2. Discharges the security interest under which the disposition is made; and

3. Discharges any subordinate security interest or other subordinate lien.

B. A transferee that acts in good faith takes free of the rights and interests described in subsection A, even if the secured party fails to comply with this article or the requirements of any judicial proceeding.

C. If a transferee does not take free of the rights and interests described in subsection A, the transferee takes the collateral subject to:

1. The debtor's rights in the collateral;

2. The security interest or agricultural lien under which the disposition is made; and

3. Any other security interest or other lien.