104.9609 - Secured party’s right to take possession or dispose of collateral after default. - Nevada Statutes

104.9609  Secured party’s right to take possession or dispose of collateral after default.

      1.  After default, a secured party:

      (a) May take possession of the collateral;

      (b) If a debtor so agrees, 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; and

      (c) Without removal may render equipment unusable and dispose of collateral on a debtor’s premises under NRS 104.9610.

      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.

      (Added to NRS by 1999, 349)