Current through the 2023 Legislative Sessions
Section 41-09-106 - (9-609) Secured party's right to take possession after default1. After default, a secured party: a. May take possession of the collateral; andb. Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 41-09-107.2. A secured party may proceed under subsection 1: a. Pursuant to judicial process; orb. Without judicial process, if it proceeds without breach of the peace.3. 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.