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Alabama Code Title 7. Commercial Code § 7-9A-609

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(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 7-9A-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.

Cite this article: - Alabama Code Title 7. Commercial Code § 7-9A-609 - last updated January 01, 2019 |

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