A Security Agreement May Provide
(9) Except as otherwise provided in this Act, a provision of a security agreement or other agreement purports to exclude an obligation or obligation imposed by that Act or to limit the liability or amount of damages that may be claimed by a person who has failed to perform an obligation or obligation imposed by that Act. 5. After registration of a declaration of change in financing from which a transfer of security is opened, the assignee shall be the insured party within the meaning of this Part. The validity, perfection, effect of perfection or incompleteness and the primacy of the interest of the warranty shall be governed by the law of the other jurisdiction. 7. The opposing warranty rights of a dealer, securities intermediary or term intermediary, perfected without control in accordance with subsection 1 (1.1), are identical. (i) where the guarantee is a certification guarantee, the debtor has or acquires the investment certificate; (a) the insured party, unless otherwise agreed, has the right to take possession of the warranties or enforce the warranty agreement in any legally permitted manner; (2) For the purposes of sections 5 to 7.6, a right of guarantee shall be perfected in accordance with the law of a court if the insured party has complied with the law of the court with regard to the creation and maintenance of a right of guarantee; and the interest in the security has a status with respect to the interests of other parties, buyers, creditors or liquidators of the debtor, similar to those of an equivalent security interest created and enhanced under this law. (10) A purchaser referred to in paragraph 9 is not required to determine whether an interest in the guarantee has been granted or whether the transaction constitutes a breach of a guarantee agreement. . . .