The UCC provides that,unless otherwise agreed,a security agreement gives the secured party a security interest in the proceeds if collateral is sold,exchanged,collected,or otherwise disposed of.

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This is correct as per UCC provisions. Unless otherwise agreed, a security agreement gives the secured party a security interest in the proceeds if collateral is sold, exchanged, collected, or otherwise disposed of. This means that if the debtor sells or disposes of the collateral, the secured party still has an interest in the proceeds generated by the sale or disposal.

The UCC Provides That,unless Otherwise Agreed,a Security Agreement Gives the Secured