§ 8.9a-609

Secured party’s right to take possession after default

(a. After default, a secured party:

(1. may take possession of the collateral; and

(2. without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under § 8.9A-610.

(b. A secured party may proceed under subsection (a):

(1. pursuant to judicial process; or

(2. without judicial process, if it proceeds without breach of the peace.

(c. If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties.

History

1964, c. 219, § 8.9-503; 2000, c. 1007.

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