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Selected Date: 12/24/2014
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Art./Sec.:

Business and Commerce Code 9.609 on 12/24/2014

	
					

Sec. 9.609.  SECURED PARTY'S RIGHT TO TAKE POSSESSION AFTER DEFAULT. (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 the debtor's premises under Section 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 that is reasonably convenient to both parties.

Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.