{"data":{"id":"us-pa/13-pa.c.s.-9622","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9622","heading":"Effect of acceptance of collateral.","body":"(a) Effect of acceptance.--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 which 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) Discharge of subordinate interest notwithstanding noncompliance.--A subordinate interest is discharged or terminated under subsection (a) even if the secured party fails to comply with 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=22\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"1e5e4e61f96d06c89ba5e370daddf1debc7e1006121f90efa7c87c6da752dbb0","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9621","next":"us-pa/13-pa.c.s.-9623"},"notice":"GroundRules: Original legal text. Not legal advice."}