North Dakota Statutes
§ 41-09-106 — (9-609) Secured party's right to take possession after default
1.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 41-09-107.
2.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.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
North Dakota § 41-09-106 ((9-609) Secured party's right to take possession after default) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) Presumptions