{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-9-627","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 9-627","heading":"Determination of Whether Conduct Was Commercially Reasonable","body":"Section 9--627. Determination of Whether Conduct Was Commercially\n                  Reasonable.\n  (a) Greater amount obtainable under other circumstances; no preclusion\nof commercial reasonableness. The fact that a greater amount could have\nbeen obtained by a collection, enforcement, disposition, or acceptance\nat a different time or in a different method from that selected by the\nsecured party is not of itself sufficient to preclude the secured party\nfrom establishing that the collection, enforcement, disposition, or\nacceptance was made in a commercially reasonable manner.\n  (b) Dispositions that are commercially reasonable. A disposition of\ncollateral is made in a commercially reasonable manner if the\ndisposition is made:\n       (1) in the usual manner on any recognized market;\n       (2) at the price current in any recognized market at the time of\n           the disposition; or\n       (3) otherwise in conformity with reasonable commercial practices\n           among dealers in the type of property that was the subject of\n           the disposition.\n  (c) Approval by court or on behalf of creditors. A collection,\nenforcement, disposition, or acceptance is commercially reasonable if it\nhas been approved:\n       (1) in a judicial proceeding;\n       (2) by a bona fide creditors' committee;\n       (3) by a representative of creditors; or\n       (4) by an assignee for the benefit of creditors.\n  (d) Approval under subsection (c) not necessary; absence of approval\nhas no effect. Approval under subsection (c) need not be obtained, and\nlack of approval does not mean that the collection, enforcement,\ndisposition, or acceptance is not commercially reasonable.","path":["Uniform Commercial Code Law","Article 9. Secured Transactions","Part 6. Default","Subpart 2. Noncompliance With Article"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/9-627","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"1b80d27fd82b398b93cb4b0f60b8aec566614d01fa23f471f7bfccdc84aadde5","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-9-626","next":"us-ny/n.y.-uniform-commercial-code-law-9-628"},"notice":"GroundRules: Original legal text. Not legal advice."}