Florida § 679.617 Rights of transferee of collateral

Florida Statutes

§ 679.617 — Rights of transferee of collateral

Florida § 679.617

TitleXXXIX

Ch. 679UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS

This text of Florida § 679.617 (Rights of transferee of collateral) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 679.617 (2026).

Text

(1)A secured party’s disposition of collateral after default:

(a)Transfers to a transferee for value all of the debtor’s rights in the collateral;

(b)Discharges the security interest under which the disposition is made; and (c) Discharges any subordinate security interest or other subordinate lien other than liens created under statutes providing for liens, if any, that are not to be discharged.

(2)A transferee that acts in good faith takes free of the rights and interests described in subsection (1), even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.

(3)If a transferee does not take free of the rights and interests described in subsection (1), the transferee takes the collateral subject to:

(a)The debtor’s rights in the coll

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(1) A secured party’s disposition of collateral after default: (a) Transfers to a transferee for value all of the debtor’s rights in the collateral; (b) Discharges the security interest under which the disposition is made; and (c) Discharges any subordinate security interest or other subordinate lien other than liens created under statutes providing for liens, if any, that are not to be discharged.

(2) A transferee that acts in good faith takes free of the rights and interests described in subsection (1), even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.

(3) If a transferee does not take free of the rights and interests described in subsection (1), the transferee takes the collateral subject to: (a) The debtor’s rights in the collateral; (b) The security interest or agricultural lien under which the disposition is made; and (c) Any other security interest or other lien.