FindLaw : FindLaw New York : Codes and Statutes : New York Consolidated Law

New York Consolidated Laws

Search New York's Consolidated Laws

[Search Tips]

Or, Browse the Table of Contents of Each Title
Note: Commerce is now known as Economic Development Law

RETRIEVE BILL
 
  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.

Return to Top

FindLaw Career Center

    Search for Law Jobs:

      Post a Job  |  View More Jobs
Ads by FindLaw