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§490:9-609 - Secured party's right to take possession after default.

     §490:9-609  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 490:9-610.

     (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. [L 2000, c 241, pt of §1]

 

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