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Delaware Code Title 6. Commerce and Trade § 9-609. Secured party's right to take possession after default

Current as of January 01, 2022 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 9-609. Secured party's right to take possession after default - last updated January 01, 2022 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-609-nr2.html

Read this complete Delaware Code Title 6. Commerce and Trade § 9-609. Secured party's right to take possession after default on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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