(1) CONSULT WITH FILING OFFICES IN OTHER JURISDICTIONS THAT
ENACT SUBSTANTIALLY THIS SUBTITLE;

(2) CONSULT THE MOST RECENT VERSION OF THE MODEL RULES
PROMULGATED BY THE INTERNATIONAL ASSOCIATION OF CORPORATE
ADMINISTRATORS OR ANY SUCCESSOR ORGANIZATION; AND

(3) TAKE INTO CONSIDERATION THE RULES AND PRACTICES OF, AND
THE TECHNOLOGY USED BY, FILING OFFICES IN OTHER JURISDICTIONS THAT ENACT
SUBSTANTIALLY THIS SUBTITLE.

SUBTITLE 6. DEFAULT,

9-601. RIGHTS AFTER DEFAULT; JUDICIAL ENFORCEMENT; CONSIGNOR OR BUYER
OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR PROMISSORY NOTES.

(A) AFTER DEFAULT, A SECURED PARTY HAS THE RIGHTS PROVIDED IN THIS
SUBTITLE AND, EXCEPT AS OTHERWISE PROVIDED IN § 9-602, THOSE PROVIDED BY
AGREEMENT OF THE PARTIES. A SECURED PARTY:

(1) MAY REDUCE A CLAIM TO JUDGMENT, FORECLOSE, OR OTHERWISE
ENFORCE THE CLAIM, SECURITY INTEREST, OR AGRICULTURAL LIEN BY ANY
AVAILABLE JUDICIAL PROCEDURE; AND

(2) IF THE COLLATERAL IS DOCUMENTS, MAY PROCEED EITHER AS TO
THE DOCUMENTS OR AS TO THE GOODS THEY COVER

(B) A SECURED PARTY IN POSSESSION OF COLLATERAL OR CONTROL OF
COLLATERAL UNDER § 9-104, § 9-105, § 9-106, OR § 9-107 HAS THE RIGHTS AND DUTIES
PROVIDED IN § 9-207.

(C) THE RIGHTS UNDER SUBSECTIONS (A) AND (B) ARE CUMULATIVE AND MAY
BE EXERCISED SIMULTANEOUSLY.

(D) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (G) AND § 9-605, AFTER
DEFAULT, A DEBTOR AND AN OBLIGOR HAVE THE RIGHTS PROVIDED IN THIS
SUBTITLE AND BY AGREEMENT OF THE PARTIES.

(E) IF A SECURED PARTY HAS REDUCED ITS CLAIM TO JUDGMENT, THE LIEN
OF ANY LEVY THAT MAY BE MADE UPON THE COLLATERAL BY VIRTUE OF AN
EXECUTION BASED UPON THE JUDGMENT RELATES BACK TO THE EARLIEST OF:

(1) THE DATE OF PERFECTION OF THE SECURITY INTEREST OR
AGRICULTURAL LIEN IN THE COLLATERAL;

(2) THE DATE OF FILING A FINANCING STATEMENT COVERING THE
COLLATERAL; OR

(3) ANY DATE SPECIFIED IN A STATUTE UNDER WHICH THE
AGRICULTURAL LIEN WAS CREATED.

(F) A SALE PURSUANT TO AN EXECUTION IS A FORECLOSURE OF THE
SECURITY INTEREST OR AGRICULTURAL LIEN BY JUDICIAL PROCEDURE WITHIN THE