§ 9-613. Contents and form of notification before disposition of collateral: general
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 9-613
§ 9-613. Contents and form of notification before disposition of collateral: general
Except in a consumer-goods transaction, the following rules apply:
NOTIFICATION OF DISPOSITION OF COLLATERAL
To: (Name of debtor, obligor, or other person to which the notification is sent)
From: (Name, address, and telephone number of secured party)
Name of Debtor(s): (Include only if debtor(s) is not an addressee)
(For a public disposition:)
We will sell (or lease or license, as applicable) the (describe collateral) (to the highest qualified bidder) in public as follows:
Day and Date:
Time:
Place:
(For a private disposition:)
We will sell (or lease or license, as applicable) the (describe collateral) privately some time after (day and date).
You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell (or lease or license, as applicable) (for a charge of $ ). You may request an accounting by calling us at (telephone number).
Credits
Added by Acts 1999, c. 282, § 2, eff. July 1, 2001. Amended by Acts 2001, c. 408, § 2, eff. July 1, 2001.
MD Code, Commercial Law, § 9-613, MD COML § 9-613
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |