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Current as of January 01, 2025 | Updated by Findlaw Staff
1. After default, a secured party:
(a) May take possession of the collateral;
(b) If a debtor so agrees, 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; and
(c) Without removal may render equipment unusable and dispose of collateral on a debtor's premises under NRS 104.9610.
2. A secured party may proceed under subsection 1:
(a) Pursuant to judicial process; or
(b) Without judicial process, if it proceeds without breach of the peace.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 8. Commercial Instruments and Transactions § 104.9609. Secured party's right to take possession or dispose of collateral after default - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-8-commercial-instruments-and-transactions/nv-rev-st-104-9609/
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 before relying on it for your legal needs.
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