Michigan Compiled Laws § 440.9624 Waiver.


440.9624 Waiver.

Sec. 9624.

(1) A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 9611 only by an agreement to that effect entered into and authenticated after default.

(2) A debtor may waive the right to require disposition of collateral under section 9620(5) only by an agreement to that effect entered into and authenticated after default.

(3) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 9623 only by an agreement to that effect entered into and authenticated after default.


History: Add. 2000, Act 348, Eff. July 1, 2001


Section: Previous  440.9611  440.9612  440.9613  440.9614  440.9615  440.9616  440.9617  440.9618  440.9619  440.9620  440.9621  440.9622  440.9623  440.9624  

Last modified: October 10, 2016