(a) Waiver of Disposition Notification. - A debtor or secondary obligor may waive the right to notification of disposition of collateral under G.S. 25-9-611 only by an agreement to that effect entered into and signed after default. (b) Waiver of Mandatory Disposition. - A debtor may waive the right to require disposition of collateral under G.S. 25-9-620(e) only by an agreement to that effect entered into and signed after default. (c) Waiver of Redemption Right. - Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under G.S. 25-9-623 only by an agreement to that effect entered into and signed after default. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1; 2025-25, s. 106.) Subpart 2. Noncompliance with Article.
‹ Prev All North Carolina sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.