Idaho § 28-9-618 RIGHTS AND DUTIES OF CERTAIN SECONDARY OBLIGORS

Idaho Statutes

§ 28-9-618 — RIGHTS AND DUTIES OF CERTAIN SECONDARY OBLIGORS

Idaho § 28-9-618

Title 28COMMERCIAL TRANSACTIONS

Part 6.DEFAULT

Ch. 9SECURED TRANSACTIONS

This text of Idaho § 28-9-618 (RIGHTS AND DUTIES OF CERTAIN SECONDARY OBLIGORS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-9-618 (2026).

Text

(a)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)An assignment, transfer or subrogation described in subsection (a) of this section:

(1)Is not a disposition of collateral under section 28-9-610; and

(2)Relieves the secured party of further duties under this chapter.

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(a) 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) An assignment, transfer or subrogation described in subsection (a) of this section:
(1) Is not a disposition of collateral under section 28-9-610; and
(2) Relieves the secured party of further duties under this chapter.