South Dakota § 57A-9-609 Secured party's rights with respect to collateral following default.

South Dakota Statutes

§ 57A-9-609 — Secured party's rights with respect to collateral following default.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-6 SECURED TRANSACTIONS

(a)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 § 57A-9-610 .

(b)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)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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(a) 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 § 57A-9-610 . (b) 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) 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.

South Dakota § 57A-9-609 (Secured party's rights with respect to collateral following default.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.