N.J.S.A. 12A:9-609 — Secured party's right to take possession after default.

12A:9-609 Secured party's right to take possession after default. 12A: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 12A: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. L.2001, c.117, s.1; amended 2001, c.386, s.98.

This is the verbatim text of N.J.S.A. 12A:9-609, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.