Section 47-9622 - Effect of acceptance of collateralA. A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures: 1. Discharges the obligation to the extent consented to by the debtor;2. Transfers to the secured party all of a debtor's rights in the collateral;3. Discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and4. Terminates any other subordinate interest.B. A subordinate interest is discharged or terminated under subsection A of this section, even if the secured party fails to comply with this chapter.