{"data":{"id":"us-mn/minn.-stat.-336.9-618","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.9-618","heading":"RIGHTS AND DUTIES OF CERTAIN SECONDARY OBLIGORS.","body":"(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a):\n(1) is not a disposition of collateral under section 336.9-610; and\n(2) relieves the secured party of further duties under this article.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","SUBPART 2. DUTIES AND OPERATION OF FILING OFFICE","Part 6 DEFAULT SUBPART 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.9-618","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"31cee360b5128d038bcc8d4bb7ba4d145c5956f4c82e291673e84b94f02907fb","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.9-617","next":"us-mn/minn.-stat.-336.9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}