Secured party's right to take possession after default.

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  • (1) After default, a secured party:
    • (a) may take possession of the collateral; and
    • (b) without removal, may render equipment unusable and dispose of collateral on a debtor's premises under Section 70A-9a-610.
  • (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.
  • (3) 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.




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