Nevada § 104.9609 Secured party’s right to take possession or dispose of collateral after default

Nevada Statutes

§ 104.9609 — Secured party’s right to take possession or dispose of collateral after default

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104 Uniform· Default

1. After default, a secured party:

(a)May take possession of the collateral;

(b)If a debtor so agrees, 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; and

(c)Without removal may render equipment unusable and dispose of collateral on a debtor’s premises under NRS 104.9610 . 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.

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1. After default, a secured party:
(a) May take possession of the collateral;
(b) If a debtor so agrees, 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; and
(c) Without removal may render equipment unusable and dispose of collateral on a debtor’s premises under NRS 104.9610 .
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.

Nevada § 104.9609 (Secured party’s right to take possession or dispose of collateral after default) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.