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2016 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 9 - Secured Transactions -- Sales of Accounts, Contract Rights, and Chattel Paper
355.9-609 Secured party's right to take possession after default.

KY Rev Stat § 355.9-609 (2016) What's This?

Download as PDF 355.9-609 Secured party's right to take possession after default. (1) (2) (3) After default, a secured party: (a) May take possession of the collateral; and (b) Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under KRS 355.9-610. A secured party may proceed under subsection (1) of this section: (a) Pursuant to judicial process; or (b) Without judicial process, if it proceeds without breach of the peace. 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. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 127, effective July 1, 2001.

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