400.9-609. Secured party's right to take possession after default. - Missouri Statutes

Secured party's right to take possession after default.

400.9-609. (a) After default, a secured party:

(1) May take possession of the collateral; and

(2) Without removal, may render equipment unusable and dispose ofcollateral on a debtor's premises under section 400.9-610.

(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 thepeace.

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

(L. 2001 S.B. 288)

Effective 7-01-01