Pennsylvania § 9609 Secured party's right to take possession after default

Pennsylvania Statutes

§ 9609 — Secured party's right to take possession after default

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 96 DEFAULT·Subch. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

(a)Possession; rendering equipment unusable; disposition on debtor's premises.--After default, a secured party:

(1)may take possession of the collateral; and

(2)without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 9610 (relating to disposition of collateral after default).

(b)Judicial and nonjudicial process.--A secured party may proceed under subsection (a):

(1)pursuant to judicial process; or

(2)without judicial process if it proceeds without breach of the peace.

(c)Assembly of collateral.--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 convenie

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(a) Possession; rendering equipment unusable; disposition on debtor's premises.--After default, a secured party:

(1) may take possession of the collateral; and

(2) without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 9610 (relating to disposition of collateral after default).

(b) Judicial and nonjudicial process.--A secured party may proceed under subsection (a):

(1) pursuant to judicial process; or

(2) without judicial process if it proceeds without breach of the peace.

(c) Assembly of collateral.--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.

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