Wis. Stat. § 409.609

Current through Acts 2023-2024, ch. 272
Section 409.609 - Secured party's right to take possession after default
(1) POSSESSION; RENDERING EQUIPMENT UNUSABLE; DISPOSITION ON DEBTOR'S PREMISES. After default, a secured party:
(a) May take possession of the collateral; and
(b) Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under s. 409.610.
(2) JUDICIAL AND NONJUDICIAL PROCESS. A secured party may proceed under sub. (1):
(a) Pursuant to judicial process; or
(b) Without judicial process, if it proceeds without breach of the peace.
(3) 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.

Wis. Stat. § 409.609

2001 a. 10.