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Alaska Statutes Title 45. Trade and Commerce § 45.29.609. Secured party's right to take possession after default

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Alaska Statutes Title 45. Trade and Commerce § 45.29.609. Secured party's right to take possession after default - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-45-trade-and-commerce/ak-st-sect-45-29-609/

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