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§ 9609. Secured party's right to take possession after default

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: July 1, 2001

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 9. Secured Transactions (Refs & Annos)
Chapter 96. Default (Refs & Annos)
Subchapter A. Default and Enforcement of Security Interest
Effective: July 1, 2001
13 Pa.C.S.A. § 9609
§ 9609. Secured party's right to take possession after default
Currentness
(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 9610 (relating to disposition of collateral after default).
(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.

Credits

2001, June 8, P.L. 123, No. 18, § 16, effective July 1, 2001.
13 Pa.C.S.A. § 9609, PA ST 13 Pa.C.S.A. § 9609
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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