Section 9-609 - Secured party's right to take possession after default. - Maryland Statutes

§ 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 § 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. 
 

[1999, ch. 282, § 2.]