{"data":{"id":"us-ne/neb.-u.c.c.-9-618","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 9-618","heading":"Rights and duties of certain secondary obligors.","body":"(a) 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) An assignment, transfer, or subrogation described in subsection (a):\n(1) is not a disposition of collateral under section 9-610; and\n(2) relieves the secured party of further duties under this article.","path":["Uniform Commercial Code","Article 9"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=9-618","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"adeb17512d16cc18bbd2e488a86bfbbc4c0e5dcf96af87467f7be9a4f3e459da","source_id":"us-ne","stale":true,"prev":"us-ne/neb.-u.c.c.-9-617","next":"us-ne/neb.-u.c.c.-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}