2014 Oklahoma Statutes
Title 12A. Commercial Code
§12A-1-9-609. Secured party’s right to take possession after default.

12A OK Stat § 12A-1-9-609 (2014) What's This?

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 a debtor’s premises under Section 1-9-610 of this title.

(b) A secured party may proceed under subsection (a) of this section:

(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 which is reasonably convenient to both parties.

Added by Laws 2000, c. 371, § 116, eff. July 1, 2001.

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