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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.

The statutes available on this website are current through the 88th 2nd Called Legislative Session, 2023. The constitutional provisions found on this website are current through the amendments approved by voters in May 2022.