{"data":{"id":"us-dc/d.c.-code-28-9-622","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-622","heading":"Effect of acceptance of collateral.","body":"(a)\nA secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(1)\nDischarges the obligation to the extent consented to by the debtor;\n(2)\nTransfers to the secured party all of a debtor’s rights in the collateral;\n(3)\nDischarges 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)\nTerminates any other subordinate interest.\n\n(b)\nA subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part VI. Default.","Subpart 1. Default and Enforcement of Security Interest."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-622","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"cf797c7a6db6e91e2ab024cf27de2dc7bbaa7952a2ec453ac7312817e939b240","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-621","next":"us-dc/d.c.-code-28-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}