Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 45.29.609 - 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 AS 45.29.610.(b) A secured party may proceed under subsection (a) of this section(1) in accordance with 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 that is reasonably convenient to both parties.