70A-9a-609. Secured party's right to take possession after default.
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70A-9a-609. Secured party's right to take possession after default.
(1)After default, a secured party:
(a)may take possession of the collateral; and
(b)without removal, may render equipment unusable and dispose of collateral on a debtor's premises under Section 70A-9a-610 .
(2)A secured party may proceed under Subsection
(1):
(a)pursuant to judicial process; or
(b)without judicial process, if it proceeds without breach of the peace.
(3)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.
Enacted by Chapter 252 , 2000 General Session