{"data":{"id":"us-pa/13-pa.c.s.-9618","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9618","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 9610 (relating to disposition of collateral after default); and\n(2) relieves the secured party of further duties under this division.","path":["Title 13 - COMMERCIAL CODE","CHAPTER 96 DEFAULT","SUBCHAPTER A DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=96\u0026sctn=18\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"d931f53c52ce060cef4d380947f20bdfd6f5b45d1d87bcb86a7bf6bfed7ee7cf","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9617","next":"us-pa/13-pa.c.s.-9619"},"notice":"GroundRules: Original legal text. Not legal advice."}