Current through 2024 Act No. 225.
Section 36-9-609 - Secured party's right to take possession after default(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 Section 36-9-610.(b) 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) 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.2001 Act No. 67, Section 12.