Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 9-609 — Secured Party's Right to Take Possession after Default

N.Y. U.C.C. Law § 9-609

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 9--609. Secured Party's Right to Take Possession after Default.

Citator

N.Y. U.C.C. Law § 9-609 — Secured Party's Right to Take Possession after Default is in force in the current edition of the Code, and nothing recorded condemns it.

Section 9--609. Secured Party's Right to Take Possession after Default.

(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.