[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]