Kansas § 84-9-618 Rights and duties

Kansas Statutes

§ 84-9-618 — Rights and duties

Kansas § 84-9-618

Ch. 84UNIFORM COMMERCIAL CODE

Art. 9SECURED TRANSACTIONS

This text of Kansas § 84-9-618 (Rights and duties) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 84-9-618 (2026).

Text

(a)Rights and duties of secondary obligor. 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)Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a):

(1)Is not a disposition of collateral under K.S.A. 2024 Supp. 84-9-610, and amendments thereto; and

(2)relieves the secured party of further duties under this article.

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(a) Rights and duties of secondary obligor. 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) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a):
(1) Is not a disposition of collateral under K.S.A. 2024 Supp. 84-9-610, and amendments thereto; and
(2) relieves the secured party of further duties under this article.