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2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Article 6. Default.
Sec. 45.29.609. Secured party's right to take possession after default.
Universal Citation: AK Stat § 45.29.609 (2019)
(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 AS 45.29.610.
(b) A secured party may proceed under subsection (a) of this section
(1) in accordance with 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.
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