Michigan § 440.9618 - Rights and duties of certain secondary obligors.
Full text of Michigan Michigan Compiled Laws § 440.9618 — Rights and duties of certain secondary obligors., with citation guidance and answers to common questions.
§ 440.9618. Rights and duties of certain secondary obligors.
A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after all of the following:
The secondary obligor receives an assignment of a secured obligation from the secured party.
The secondary obligor receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party.
The secondary obligor is subrogated to the rights of a secured party with respect to collateral.
An assignment, transfer, or subrogation described in subsection (1) results in both of the following:
It is not a disposition of collateral under section 9610.
It relieves the secured party of further duties under this article.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.9618
What does Michigan Compiled Laws § 440.9618 cover?
Section 440.9618 ("Rights and duties of certain secondary obligors.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.9618?
A common citation format is "Michigan Compiled Laws § 440.9618" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.9618 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.