2006 New York Code - 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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.