{"data":{"id":"us-ne/neb.-u.c.c.-9-622","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 9-622","heading":"Effect of acceptance of collateral.","body":"(a) 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) A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.","path":["Uniform Commercial Code","Article 9"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=9-622","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"98a66f5d1476a4ec427582ef1ba1e0cd1cf96ec54afadc8c22cc74f27e81ad32","source_id":"us-ne","stale":true,"prev":"us-ne/neb.-u.c.c.-9-621","next":"us-ne/neb.-u.c.c.-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}