Section 9--609. Secured Party's Right to Take Possession after Default  


Latest version.
  • (a) Possession;  rendering equipment unusable; disposition on debtor's
      premises. 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.
        (b) Judicial and nonjudicial process.  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) Assembly of collateral. 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.