§9-609. Secured party's right to take possession after default (a) After default, a secured

Link to law: http://legislature.vermont.gov/statutes/section/09A/009/00609
Published: 2015

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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

009

:
Secured Transactions











 

§

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 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. (Added 1999, No. 106 (Adj. Sess.), § 2,

eff. July 1, 2001.)
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