Iowa § 554.9609 Secured party’s right to take possession after default

Iowa Statutes

§ 554.9609 — Secured party’s right to take possession after default

Iowa § 554.9609

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.9609 (Secured party’s right to take possession after default) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.9609 (2026).

Text

1.Possession—renderingequipmentunusable—dispositionondebtor’spremises. After default, a secured party:

a.may take possession of the collateral; and

b.without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under section 554.9610.

2.Judicial and nonjudicial process. A secured party may proceed under subsection 1:

a.pursuant to judicial process; or

b.without judicial process, if it proceeds without breach of the peace.

3.Assembly of collateral. If so agreed, and in any event after default, a secured party mayrequirethedebtortoassemblethecollateralandmakeitavailabletothesecuredpartyat a place to be designated by the secured party which is reasonably convenient to both parties.

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1. Possession—renderingequipmentunusable—dispositionondebtor’spremises. After
default, a secured party:
a. may take possession of the collateral; and
b. without removal, may render equipment unusable and dispose of collateral on a
debtor’s premises under section 554.9610.
2. Judicial and nonjudicial process. A secured party may proceed under subsection 1:
a. pursuant to judicial process; or
b. without judicial process, if it proceeds without breach of the peace.
3. Assembly of collateral. If so agreed, and in any event after default, a secured party
mayrequirethedebtortoassemblethecollateralandmakeitavailabletothesecuredpartyat
a place to be designated by the secured party which is reasonably convenient to both parties.