N.Y. Uniform Commercial Code Law Section 9-609
Secured Party’s Right to Take Possession after Default

Section 9--609. Secured Party’s Right to Take Possession after Default.

(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 9--610.

(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.

Source: Section 9-609 — Secured Party's Right to Take Possession after Default, https://www.­nysenate.­gov/legislation/laws/UCC/9-609 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 9-609’s source at nysenate​.gov

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