{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-618","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-9-618","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 § 6A-9-610; and\n(2) Relieves the secured party of further duties under this chapter.","path":["Title 6A Uniform Commercial Code","Chapter 9 Secured Transactions","Part 6 Default","Subpart 1 Default and Enforcement of Security Interest"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-9/6A-6/6A-1/6A-9-618.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:36:24Z","sha256":"5c347a3b745235c763126a6df78b8bdfea10d6dce5f54e0c3150f4baa318ae0a","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-617","next":"us-ri/r.i.-gen.-laws-6a-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}