§12A-9-205.

§12A-9-205.
   
   Use or Disposition of Collateral Without Accounting Permissible. - A
   security interest is not invalid or fraudulent against creditors by
   reason of liberty in the debtor to use, commingle or dispose of all or
   part of the collateral, including returned or repossessed goods, or to
   collect or compromise accounts or chattel paper, or to accept the
   return of goods or make repossessions, or to use, commingle or dispose
   of proceeds, or by reason of the failure of the secured party to
   require the debtor to account for proceeds or replace collateral. This
   section does not relax the requirements of possession where perfection
   of a security interest depends upon possession of the collateral by
   the secured party or by a bailee.