§ 9—609.

133 words·~1 min read·/vt/9-115

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§ 9—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 section 9—610 of this title.

(b)A secured party may proceed under subsection

(a)of this section:

(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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)