<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-9-602 - Waiver or variance of rules by debtor or obligor. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073755Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073755SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073755CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073755Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073755DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2073755Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073755000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2073755SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073755SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073755Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-602"><span class="s2073755SENU">57A-9-602</span></a><span xml:space="preserve" class="s2073755SENU">. </span><span class="s2073755CL">Waiver or variance of rules by debtor or obligor.</span></p><p dir="ltr" class="s2073755Normal-000000"><span xml:space="preserve" class="s2073755DefaultParagraphFont">Except as otherwise provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-624"><span class="s2073755DefaultParagraphFont">57A-9-624</span></a><span class="s2073755DefaultParagraphFont">, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections:</span></p><p dir="ltr" class="s2073755Normal-000001"><span class="s2073755DefaultParagraphFont">(1)    Section 57A-9-207(b)(4)(C), which deals with use and operation of the collateral by the secured party;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(2)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-210"><span class="s2073755DefaultParagraphFont">57A-9-210</span></a><span class="s2073755DefaultParagraphFont">, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;</span></p><p dir="ltr" class="s2073755Normal-000001"><span class="s2073755DefaultParagraphFont">(3)    Section 57A-9-607(c), which deals with collection and enforcement of collateral;</span></p><p dir="ltr" class="s2073755Normal-000001"><span class="s2073755DefaultParagraphFont">(4)    Sections 57A-9-608(a) and 57A-9-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;</span></p><p dir="ltr" class="s2073755Normal-000001"><span class="s2073755DefaultParagraphFont">(5)    Sections 57A-9-608(a) and 57A-9-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(6)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-609"><span class="s2073755DefaultParagraphFont">57A-9-609</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont"> to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(7)    Sections 57A-9-610(b), </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-611"><span class="s2073755DefaultParagraphFont">57A-9-611</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-613"><span class="s2073755DefaultParagraphFont">57A-9-613</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-614"><span class="s2073755DefaultParagraphFont">57A-9-614</span></a><span class="s2073755DefaultParagraphFont">, which deal with disposition of collateral;</span></p><p dir="ltr" class="s2073755Normal-000001"><span class="s2073755DefaultParagraphFont">(8)    Section 57A-9-615(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(9)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-616"><span class="s2073755DefaultParagraphFont">57A-9-616</span></a><span class="s2073755DefaultParagraphFont">, which deals with explanation of the calculation of a surplus or deficiency;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(10)    Sections </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-620"><span class="s2073755DefaultParagraphFont">57A-9-620</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-621"><span class="s2073755DefaultParagraphFont">57A-9-621</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-622"><span class="s2073755DefaultParagraphFont">57A-9-622</span></a><span class="s2073755DefaultParagraphFont">, which deal with acceptance of collateral in satisfaction of obligation;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(11)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-623"><span class="s2073755DefaultParagraphFont">57A-9-623</span></a><span class="s2073755DefaultParagraphFont">, which deals with redemption of collateral;</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(12)    Section </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-624"><span class="s2073755DefaultParagraphFont">57A-9-624</span></a><span class="s2073755DefaultParagraphFont">, which deals with permissible waivers; and</span></p><p dir="ltr" class="s2073755Normal-000001"><span xml:space="preserve" class="s2073755DefaultParagraphFont">(13)    Sections </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-625"><span class="s2073755DefaultParagraphFont">57A-9-625</span></a><span xml:space="preserve" class="s2073755DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-9-626"><span class="s2073755DefaultParagraphFont">57A-9-626</span></a><span class="s2073755DefaultParagraphFont">, which deal with the secured party's liability for failure to comply with this chapter.</span></p><p dir="ltr" class="s2073755Normal"><span xml:space="preserve" class="s2073755000002"> </span></p><p dir="ltr" class="s2073755Normal"><span class="s2073755SCL">Source:</span><span xml:space="preserve" class="s2073755SCL-000003"> SL 2000, ch 231.</span></p></div></body></html>