{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-9-622","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 9-622","heading":"Effect of Acceptance of Collateral","body":"Section 9–622. (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":["Part I","Title XV","Chapter 106","Article 9"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section9-622","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:31Z","sha256":"ff975e5bcaea4bc555a6a798f669de7de987654698b48f277d9183f3f5d7998e","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-9-621","next":"us-ma/mass.-gen.-laws-ch.-106-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}