Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 9609 - 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 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.2001, June 8, P.L. 123, No. 18, § 16, effective 7/1/2001.