Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9609. Secured party's right to take possession after default
Current as of March 08, 2022 | Updated by FindLaw Staff
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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 § 47-9610.
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 that is reasonably convenient to both parties.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 47. Uniform Commercial Code § 47-9609. Secured party's right to take possession after default - last updated March 08, 2022 | https://codes.findlaw.com/az/title-47-uniform-commercial-code/az-rev-st-sect-47-9609.html
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