(1) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to:

1. (a) any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral;

2. (b) any other secured party or lienholder that, 10 days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:

   1. (i) identified the collateral;
   2. (ii) was indexed under the debtor's name as of that date; and
   3. (iii) was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and
3. (c) any other secured party that, 10 days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in Subsection 70A-9a-311(1).