{"data":{"id":"us-al/ala.-code-7-9a-622","jurisdiction":"us-al","citation":"Ala. Code § 7-9A-622","heading":"Effect of Acceptance of Collateral.","body":"(a) Effect of acceptance. A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(1) discharges the obligation to the extent consented to by the debtor;\n(2) transfers to the secured party all of a debtor’s rights in the collateral;\n(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\n(4) terminates any other subordinate interest.\n(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.","path":["Title 7 Commercial Code.","Article 9A Secured Transactions.","Part 6 Default.","Division 1 Default and Enforcement of Security Interest."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-9A-622","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"457f0935c036f91af0ee204bfa7881c0ba6fbd967f274a0049af9cb3e7646c55","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-9a-621","next":"us-al/ala.-code-7-9a-623"},"notice":"GroundRules: Original legal text. Not legal advice."}