Ark. Code § 4-9-609

Current with legislation from 2024 effective through May 3, 2024.
Section 4-9-609 - Secured party's right to take possession after default
(a) 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 § 4-9-610.
(b) 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) 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.

Ark. Code § 4-9-609

Acts 2001, No. 1439, § 1.