§ 9-609

Del. Code Ann. tit. 6, § 9-609

Secured party’s right to take possession after default

72 Del. Laws, c. 401, § 1;

  1. (a) Possession; rendering equipment unusable; disposition on debtor’s premises. — After default, a secured party:

    1. (1) may take possession of the collateral; and
    2. (2) without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under Section 9-610.

  2. (b) Judicial and nonjudicial process. — A secured party may proceed under subsection (a):

    1. (1) pursuant to judicial process; or
    2. (2) without judicial process, if it proceeds without breach of the peace.
  3. (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.

72 Del. Laws, c. 401, § 1

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