New York § 9-610 Disposition of Collateral after Default

New York Statutes

§ 9-610 — Disposition of Collateral after Default

New York § 9-610

JurisdictionNew York

Law UCCUniform Commercial Code

Part 6Default

Subpart 1Default and Enforcement of Security Interest

Art. 9Secured Transactions

This text of New York § 9-610 (Disposition of Collateral after Default) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 9-610 (2026).

Text

Section 9--610. Disposition of Collateral after Default.\n  (a) Disposition after default. After default, a secured party may\nsell, lease, license, or otherwise dispose of any or all of the\ncollateral in its present condition or following any commercially\nreasonable preparation or processing.\n  (b) Commercially reasonable disposition. Every aspect of a disposition\nof collateral, including the method, manner, time, place, and other\nterms, must be commercially reasonable. If commercially reasonable, a\nsecured party may dispose of collateral by public or private\nproceedings, by one or more contracts, as a unit or in parcels, and at\nany time and place and on any terms.\n  (c) Purchase by secured party. A secured party may purchase\ncollateral:\n       (1) at a public disposition; or\n

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Section 9--610. Disposition of Collateral after Default.\n (a) Disposition after default. After default, a secured party may\nsell, lease, license, or otherwise dispose of any or all of the\ncollateral in its present condition or following any commercially\nreasonable preparation or processing.\n (b) Commercially reasonable disposition. Every aspect of a disposition\nof collateral, including the method, manner, time, place, and other\nterms, must be commercially reasonable. If commercially reasonable, a\nsecured party may dispose of collateral by public or private\nproceedings, by one or more contracts, as a unit or in parcels, and at\nany time and place and on any terms.\n (c) Purchase by secured party. A secured party may purchase\ncollateral:\n (1) at a public disposition; or\n (2) at a private disposition only if the collateral is of a kind\n that is customarily sold on a recognized market or the\n subject of widely distributed standard price quotations.\n (d) Warranties on disposition. A contract for sale, lease, license, or\nother disposition includes the warranties relating to title, possession,\nquiet enjoyment, and the like which by operation of law accompany a\nvoluntary disposition of property of the kind subject to the contract.\n (e) Disclaimer of warranties. A secured party may disclaim or modify\nwarranties under subsection (d):\n (1) in a manner that would be effective to disclaim or modify the\n warranties in a voluntary disposition of property of the kind\n subject to the contract of disposition; or\n (2) by communicating to the purchaser a record evidencing the\n contract for disposition and including an express disclaimer\n or modification of the warranties.\n (f) Record sufficient to disclaim warranties. A record is sufficient\nto disclaim warranties under subsection (e) if it indicates "There is no\nwarranty relating to title, possession, quiet enjoyment, or the like in\nthis disposition" or uses words of similar import.\n