Arkansas § 4-9-609 Secured party's right to take possession after default

Arkansas Statutes

§ 4-9-609 — Secured party's right to take possession after default

(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 § 4-9-610 .

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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 § 4-9-610 . (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.

Arkansas § 4-9-609 (Secured party's right to take possession after default) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.