{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-9-618","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 9-618","heading":"Rights and Duties of Certain Secondary Obligors","body":"Section 9--618. Rights and Duties of Certain Secondary Obligors.\n  (a) Rights and duties of secondary obligor. A secondary obligor\nacquires the rights and becomes obligated to perform the duties of the\nsecured party after the secondary obligor:\n       (1) receives an assignment of a secured obligation from the\n       secured party;\n       (2) receives a transfer of collateral from the secured party and\n       agrees to accept the rights and assume the duties of the secured\n       party; or\n       (3) is subrogated to the rights of a secured party with respect\n       to collateral.\n  (b) Effect of assignment, transfer, or subrogation. An assignment,\ntransfer, 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\n       article.","path":["Uniform Commercial Code Law","Article 9. Secured Transactions","Part 6. Default","Subpart 1. Default and Enforcement of Security Interest"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/9-618","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"02bbbb037ef79476f9c77572795eacb7b8c857f0b0688c8aa3f64e2dff996473","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-9-617","next":"us-ny/n.y.-uniform-commercial-code-law-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}