{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-622","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-9-622","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 that 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 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-9-622.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:36:44Z","sha256":"bebf7633147c68502e3fb0f332b4719f10a116eb7576b1cbd925c12c0bef3f0d","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-621","next":"us-ri/r.i.-gen.-laws-6a-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}