{"data":{"id":"us-de/6-del.-c.-9-622","jurisdiction":"us-de","citation":"6 Del. C. § 9-622","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 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 9. Secured Transactions","Part 6","Default"],"source_url":"https://delcode.delaware.gov/title6/c009/sc06/index.html#9-622","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"16b761bdb52e9ea8d9946951dbaf424a36ffe3e9db946ef5f9e620f308c4f88f","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-9-621","next":"us-de/6-del.-c.-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}