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"Copyright Law of the United States of America and Related Laws Contained in Title 17 of the United States Code, Circular 92"


"(c) Exclusion for Grants of Security Interests. Subsection (a) shall
not apply to-
"(1) a transfer of copyright ownership consisting solely of a mortgage,
hypothecation, or other security interest; or
"(2) a subsequent transfer of the copyright ownership secured by the
security interest described in paragraph (1) by or under the authority
of the secured party, including a transfer through the exercise of the
secured party's rights or remedies as a secured party, or by a
subsequent transferee.
"The exclusion under this subsection shall not affect any rights or
remedies under law or contract.
"(d) Deferral Pending Resolution of Bona Fide Dispute.
"A transferee on which obligations are imposed under subsection (a) by
virtue of paragraph (1) of that subsection may elect to defer
performance of such obligations that are subject to a bona fide dispute
between a union and a prior transferor until that dispute is resolved,
except that such deferral shall not stay accrual of any union claims due
under an applicable collective bargaining agreement.
"(e) Scope of Obligations Determined by Private Agreement.


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