[Previous] [Next]

12A-9-503.


12A-9-503.
   
   Unless otherwise agreed a secured party has on default the right to
   take possession of the collateral. In taking possession a secured
   party may proceed without judicial process if this can be done without
   breach of the peace or may proceed by action. If the security
   agreement so provides the 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. Without removal a secured party may render
   equipment unusable, and may dispose of collateral on the debtor's
   premises under Section 9-504.
   

[Previous] [Next]