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Statutes Text

Article - Commercial Law




§9–609.

    (a)    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)    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)    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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