Secured party's right to take possession after default

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  • (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 § 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 bath parties.


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