reglab/housing_qa huggingface dataset:
KS Stat § 84-9-617 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-617 Rights of transferee of collateral.

84-9-617. 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 article 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) The debtor's rights in the collateral;(2) the security interest or agricultural lien under which the disposition is made; and(3) any other security interest or other lien.History: L. 2000, ch. 142, § 115; July 1, 2001.
KS Stat § 84-9-618 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-618 Rights and duties.

84-9-618. Rights and duties. (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. 2021 Supp. 84-9-610, and amendments thereto; and(2) relieves the secured party of further duties under this article.History: L. 2000, ch. 142, § 116; July 1, 2001.
KS Stat § 84-9-619 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-619 Transfer of record or legal title.

84-9-619. Transfer of record or legal title. (a) "Transfer statement." In this section, "transfer statement" means a record authenticated by a secured party stating:(1) That the debtor has defaulted in connection with an obligation secured by specified collateral;(2) that the secured party has exercised the secured party's post-default remedies with respect to the collateral;(3) that, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral; and(4) the name and mailing address of the secured party, debtor, and transferee.(b) Effect of transfer statement. A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration, or certificate-of-title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall:(1) Accept the transfer statement;(2) promptly amend its records to reflect the transfer; and(3) if applicable, issue a new appropriate certificate of title in the name of the transferee.(c) Transfer not a disposition; no relief of secured party's duties. A transfer of the record or legal title to collateral to a secured party under subsection (b) or otherwise is not of itself a disposition of collateral under this article and does not of itself relieve the secured party of the secured party's duties under this article.History: L. 2000, ch. 142, § 117; July 1, 2001.
KS Stat § 84-9-621 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-621 Notification of proposal to accept collateral.

84-9-621. Notification of proposal to accept collateral. (a) Persons to which proposal to be sent. A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send the secured party's proposal to:(1) Any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral;(2) any other secured party or lienholder that, 10 days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:(A) Identified the collateral;(B) was indexed under the debtor's name as of that date; and(C) was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and(3) any other secured party that, 10 days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in K.S.A. 2021 Supp. 84-9-311(a), and amendments thereto.(b) Proposal to be sent to secondary obligor in partial satisfaction. A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (a).History: L. 2000, ch. 142, § 119; July 1, 2001.
KS Stat § 84-9-622 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-622 Effect of acceptance of collateral.

84-9-622. Effect of acceptance of collateral. (a) Effect of acceptance. A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:(1) Discharges the obligation to the extent consented to by the debtor;(2) transfers to the secured party all of a debtor's rights in the collateral;(3) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and(4) terminates any other subordinate interest.(b) Discharge of subordinate interest notwithstanding noncompliance. A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.History: L. 2000, ch. 142, § 120; July 1, 2001.
KS Stat § 84-9-623 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-623 Right to redeem collateral.

84-9-623. Right to redeem collateral. (a) Persons that may redeem. A debtor, any secondary obligor, or any other secured party or lienholder may redeem collateral.(b) Requirements for redemption. To redeem collateral, a person shall tender:(1) Fulfillment of all obligations secured by the collateral; and(2) the reasonable expenses and attorney fees described in K.S.A. 2021 Supp. 84-9-615(a)(1), and amendments thereto.(c) When redemption may occur. A redemption may occur at any time before a secured party:(1) Has collected collateral under K.S.A. 2021 Supp. 84-9-607, and amendments thereto;(2) has disposed of collateral or entered into a contract for its disposition under K.S.A. 2021 Supp. 84-9-610, and amendments thereto; or(3) has accepted collateral in full or partial satisfaction of the obligation it secures under K.S.A. 2021 Supp. 84-9-622, and amendments thereto.History: L. 2000, ch. 142, § 121; July 1, 2001.
KS Stat § 84-9-624 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-624 Waiver.

84-9-624. Waiver. (a) Waiver of disposition notification. A debtor or secondary obligor may waive the right to notification of disposition of collateral under K.S.A. 2021 Supp. 84-9-611, and amendments thereto, only by an agreement to that effect entered into and authenticated after default.(b) Waiver of mandatory disposition. A debtor may waive the right to require disposition of collateral under K.S.A. 2021 Supp. 84-9-620(e), and amendments thereto, only by an agreement to that effect entered into and authenticated after default.(c) Waiver of redemption right. Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under K.S.A. 2021 Supp. 84-9-623, and amendments thereto, only by an agreement to that effect entered into and authenticated after default.History: L. 2000, ch. 142, § 122; July 1, 2001.
KS Stat § 84-9-626 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-626 Action in which deficiency or surplus is in issue. Applicable rules if amount of deficiency or surplus in issue.

84-9-626. Action in which deficiency or surplus is in issue. Applicable rules if amount of deficiency or surplus in issue. In an action arising from a transaction in which the amount of a deficiency or surplus is in issue, the following rules apply:(1) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue.(2) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition, or acceptance was conducted in accordance with this part.(3) Except as otherwise provided in K.S.A. 2021 Supp. 84-9-628, and amendments thereto, if a secured party fails to prove that the collection, enforcement, disposition, or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses, and attorney fees exceeds the greater of:(A) The proceeds of the collection, enforcement, disposition, or acceptance; or(B) the amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition, or acceptance.(4) For purposes of paragraph (3)(B), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses, and attorney fees unless the secured party proves that the amount is less than that sum.(5) If a deficiency or surplus is calculated under K.S.A. 2021 Supp. 84-9-615(f), and amendments thereto, the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party, or a secondary obligor would have brought.History: L. 2000, ch. 142, § 124; July 1, 2001.
KS Stat § 84-9-627 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-627 Determination of whether conduct was commercially reasonable.

84-9-627. Determination of whether conduct was commercially reasonable. (a) Greater amount obtainable under other circumstances; no preclusion of commercial reasonableness. The fact that a greater amount could have been obtained by a collection, enforcement, disposition, or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition, or acceptance was made in a commercially reasonable manner.(b) Dispositions that are commercially reasonable. A disposition of collateral is made in a commercially reasonable manner if the disposition is made:(1) In the usual manner on any recognized market;(2) at the price current in any recognized market at the time of the disposition; or(3) otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.(c) Approval by court or on behalf of creditors. A collection, enforcement, disposition, or acceptance is commercially reasonable if it has been approved:(1) In a judicial proceeding;(2) by a bona fide creditors' committee;(3) by a representative of creditors; or(4) by an assignee for the benefit of creditors.(d) Approval under subsection (c) not necessary; absence of approval has no effect. Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition, or acceptance is not commercially reasonable.History: L. 2000, ch. 142, § 125; July 1, 2001.
KS Stat § 84-9-628 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-628 Nonliability and limitation on liability of secured party.

84-9-628. Nonliability and limitation on liability of secured party. (a) Limitation of liability of secured party for noncompliance with article. Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:(1) The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this article; and(2) the secured party's failure to comply with this article does not affect the liability of the person for a deficiency.(b) Limitation of liability based on status as secured party. A secured party is not liable because of its status as secured party:(1) To a person that is a debtor or obligor, unless the secured party knows:(A) That the person is a debtor or obligor;(B) the identity of the person; and(C) how to communicate with the person; or(2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:(A) That the person is a debtor; and(B) the identity of the person.(c) Limitation of liability if reasonable belief that transaction not a consumer-goods transaction or consumer transaction. A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:(1) A debtor's representation concerning the purpose for which collateral was to be used, acquired, or held; or(2) an obligor's representation concerning the purpose for which a secured obligation was incurred.(d) Limitation of liability for statutory damages. A secured party is not liable to any person under K.S.A. 2021 Supp. 84-9-625(c)(2), and amendments thereto, for its failure to comply with K.S.A. 2021 Supp. 84-9-616, and amendments thereto.(e) Limitation of multiple liability for statutory damages. A secured party is not liable under K.S.A. 2021 Supp. 84-9-625(c)(2), and amendments thereto, more than once with respect to any one secured obligation.History: L. 2000, ch. 142, § 126; L. 2002, ch. 159, § 25; May 23.
KS Stat § 84-9-702 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-702 Savings clause.

84-9-702. Savings clause. (a) Pre-effective date transactions or liens. Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.(b) Continuing validity. Except as otherwise provided in subsection (c) and K.S.A. 2021 Supp. 84-9-304 and 84-9-703 through 84-9-709, and amendments thereto:(1) Transactions and liens that were not governed by former article 9, were validly entered into or created before this act takes effect, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties, and interests flowing from those transactions and liens remain valid after this act takes effect; and(2) the transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.(c) Pre-effective date proceedings. This act does not affect an action, case, or proceeding commenced before this act takes effect.History: L. 2000, ch. 142, § 127; L. 2002, ch. 159, § 26; May 23.
KS Stat § 84-9-703 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-703 Security interest perfected before effective date.

84-9-703. Security interest perfected before effective date. (a) Continuing priority over lien creditor: Perfection requirements satisfied. A security interest that is enforceable immediately before this act takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements for enforceability and perfection under this act are satisfied without further action.(b) Continuing priority over lien creditor: Perfection requirements not satisfied. Except as otherwise provided in K.S.A. 2021 Supp. 84-9-705, and amendments thereto, if, immediately before this act takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied when this act takes effect, the security interest:(1) Is a perfected security interest for one year after this act takes effect;(2) remains enforceable thereafter only if the security interest becomes enforceable under K.S.A. 2021 Supp. 84-9-203, and amendments thereto, before the year expires; and(3) remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.History: L. 2000, ch. 142, § 128; July 1, 2001.
KS Stat § 84-9-704 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-704 Security interest unperfected before effective date.

84-9-704. Security interest unperfected before effective date. A security interest that is enforceable immediately before this act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:(1) Remains an enforceable security interest for one year after this act takes effect;(2) remains enforceable thereafter if the security interest becomes enforceable under K.S.A. 2021 Supp. 84-9-203, and amendments thereto, when this act takes effect or within one year thereafter; and(3) becomes perfected:(A) Without further action, when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or(B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.History: L. 2000, ch. 142, § 129; July 1, 2001.
KS Stat § 84-9-706 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-706 When initial financing statement suffices to continue effectiveness of financing statement.

84-9-706. When initial financing statement suffices to continue effectiveness of financing statement. (a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in K.S.A. 2021 Supp. 84-9-501, and amendments thereto, continues the effectiveness of a financing statement filed before this act takes effect if:(1) The filing of an initial financing statement in that office would be effective to perfect a security interest under this act;(2) the pre-effective-date financing statement was filed in an office in another state or another office in this state; and(3) the initial financing statement satisfies subsection (c).(b) Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective date financing statement:(1) If the initial financing statement is filed before this act takes effect, for the period provided in K.S.A. 84-9-103, prior to the effective date of this act, with respect to a financing statement; and(2) if the initial financing statement is filed after this act takes effect, for the period provided in K.S.A. 2021 Supp. 84-9-515, and amendments thereto, with respect to an initial financing statement.(c) Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must:(1) Satisfy the requirements of part 5 for an initial financing statement;(2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and(3) indicate that the pre-effective date financing statement remains effective.History: L. 2000, ch. 142, § 131; July 1, 2001.
KS Stat § 84-9-707 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 9 - Secured Transactions|84-9-707 Pre-effective-date financing statement; applicable law; amendment.

84-9-707. Pre-effective-date financing statement; applicable law; amendment. (a) Pre-effective-date financing statement. In this section, "pre-effective-date financing statement" means a financing statement filed before this act takes effect.(b) Applicable law. After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in part 3. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.(c) Method of amending: General rule. Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after this act takes effect only if:(1) The pre-effective-date financing statement and an amendment are filed in the office specified in K.S.A. 2021 Supp. 84-9-501, and amendments thereto;(2) an amendment is filed in the office specified in K.S.A. 2021 Supp. 84-9-501, and amendments thereto, concurrently with, or after the filing in that office of, an initial financing statement that satisfies K.S.A. 2021 Supp. 84-9-706(c), and amendments thereto; or(3) an initial financing statement that provides the information as amended and satisfies K.S.A. 2021 Supp. 84-9-706(c), and amendments thereto, is filed in the office specified in K.S.A. 2021 Supp. 84-9-501, and amendments thereto.(d) Method of amending: Continuation. If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under K.S.A. 2021 Supp. 84-9-705(d) and (f), and amendments thereto.(e) Method of amending: Additional termination rule. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after this act takes effect by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies K.S.A. 2021 Supp. 84-9-706(c), and amendments thereto, has been filed in the office specified by the law of the jurisdiction governing perfection as provided in part 3 as the office in which to file a financing statement.History: L. 2002, ch. 159, § 28; May 23.