New Jersey Statutes
§ 12A:9-617 — Rights of transferee of collateral.
New Jersey § 12A:9-617
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS
This text of New Jersey § 12A:9-617 (Rights of transferee of collateral.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 12A:9-617 (2026).
Text
12A:9-617. Rights of Transferee of Collateral.
(a)Effects of disposition. 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)Rights of good-faith transferee. 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 chapter or the requirements of any judicial proceeding.
(c)Rights of other transferee. If a transferee does not take free of the rights and interests described in subsection (a), the transferee takes the collateral subject to:
(1)
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Nearby Sections
15
§ 12A:9-101
Short title§ 12A:9-102
Definitions and index of definitions.§ 12A:9-104
Control of deposit account.§ 12A:9-105
Control of electronic chattel paper.§ 12A:9-106
Control of investment property.§ 12A:9-107
Control of letter-of-credit right§ 12A:9-108
Sufficiency of description.§ 12A:9-109
Scope.§ 12A:9-201
General effectiveness of security agreement.§ 12A:9-202
Title to collateral immaterial§ 12A:9-204
After-acquired property, future advances.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 12A:9-617, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A%3A9-617.