LexisNexis (April 26, 2017, 1:50 PM EDT) -- The lead story in the February 2017 newsletter suggests that a debtor could waive in a security agreement the prohibition in UCC 9-610(c)(2) on the secured party's purchasing at its own private disposition. The story points to the absence of 9-610(c)(2) in the list of pre-default, non-waivable provisions found in 9-602. We should have mentioned that this is not the position taken by the drafters of the 2010 amendments to Article 9. The reason why 9-610(c)(2) is not mentioned in 9-602 as a non-waivable provision is because a secured party buying collateral at its own private disposition is treated as a "strict foreclosure" under 9-620, and the strict foreclosure provisions are not waivable. See Comment 3 (last paragraph) to 9-602 and Comment 7 (last paragraph) to 9-610. The bottom line for the Texas case is that the court reached the right conclusion, but for the wrong reason. We regret that we did not make that point in the story. ...