New York Statutes

§ 9-609 — Secured Party's Right to Take Possession after Default

New York·Law UCC Uniform Commercial Code·Part 6 Default·Subpart 1 Default and Enforcement of Security Interest·Art. 9 Secured Transactions
Section 9--609. Secured Party's Right to Take Possession after Default.\n (a) Possession; rendering equipment unusable; disposition on debtor's\npremises. After default, a secured party:\n (1) may take possession of the collateral; and\n (2) without removal, may render equipment unusable and dispose of\n collateral on a debtor's premises under Section 9--610.\n (b) Judicial and nonjudicial process. A secured party may proceed\nunder subsection (a):\n (1) pursuant to judicial process; or\n (2) without judicial process, if it proceeds without breach of\n the peace.\n (c) Assembly of collateral. If so agreed, and in any event after\ndefault, a secured party may require the debtor to assemble the\ncollateral and make it available to the secured pa

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