400.9-602. Waiver of variance of rights and duties. - Missouri Statutes

Waiver of variance of rights and duties.

400.9-602. Except as otherwise provided in section 400.9-624, to theextent that they give rights to a debtor or obligor and impose duties on asecured party, the debtor or obligor may not waive or vary the rules statedin the following listed sections:

(1) Section 400.9-207(b)(4)(C), which deals with use and operation ofthe collateral by the secured party;

(2) Section 400.9-210, which deals with requests for an accountingand requests concerning a list of collateral and statement of account;

(3) Section 400.9-607(c), which deals with collection and enforcementof collateral;

(4) Sections 400.9-608(a) and 400.9-615(c) to the extent that theydeal with application or payment of noncash proceeds of collection,enforcement, or disposition;

(5) Sections 400.9-608(a) and 400.9-615(d) to the extent that theyrequire accounting for or payment of surplus proceeds of collateral;

(6) Section 400.9-609 to the extent that it imposes upon a securedparty that takes possession of collateral without judicial process the dutyto do so without breach of the peace;

(7) Sections 400.9-610(b), 400.9-611, 400.9-613 and 400.9-614, whichdeal with disposition of collateral;

(8) Section 400.9-615(f), which deals with calculation of adeficiency or surplus when a disposition is made to the secured party, aperson related to the secured party, or a secondary obligor;

(9) Section 400.9-616, which deals with explanation of thecalculation of a surplus or deficiency;

(10) Sections 400.9-620, 400.9-621 and 400.9-622, which deal withacceptance of collateral in satisfaction of obligation;

(11) Section 400.9-623, which deals with redemption of collateral;

(12) Section 400.9-624, which deals with permissible waivers; and

(13) Sections 400.9-625 and 400.9-626, which deal with the securedparty's liability for failure to comply with this article.

(L. 2001 S.B. 288, A.L. 2002 S.B. 895)