Clarification

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...
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