Conn. Gen. Stat. § 42a-9-618
This is the official text of Conn. Gen. Stat. § 42a-9-618, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 42a-9-618. Rights and duties of certain secondary obligors.
Official statutory text
(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):
(1) Is not a disposition of collateral under section 42a-9-610 ; and
(2) Relieves the secured party of further duties under this article.
Annotations to former section 42a-9-504(5):
Cited. 18 CA 265; 24 CA 455.
(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):
(1) Is not a disposition of collateral under section 42a-9-610 ; and
(2) Relieves the secured party of further duties under this article.
Annotations to former section 42a-9-504(5):
Cited. 18 CA 265; 24 CA 455.
Status: in_force · Read it on the official government site
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