Current with changes from the 2024 legislative session through ch. 845
Section 8.9A-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 § 8.9-610A.(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.1964, c. 219, § 8.9-503; 2000, c. 1007.Amended by Acts 2000, § c.1007.Amended by Acts 1964, § c. 219, § 8.9-503.