{"data":{"id":"us-ga/o.c.g.a.-11-9-622","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-9-622","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) of this Code section, even if the secured party fails to comply with this article.","path":["TITLE 11 Commercial Code","Article 9 Secured Transactions","PART 6 Default","Subpart 1 Default and Enforcement of Security Interest"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"46c8bd52214b028b515908b7826fdfca5c1d116a7db15b10b1e599f3697b5aa3","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-9-621","next":"us-ga/o.c.g.a.-11-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}