12A:9-609. 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 12A:9-610.

   (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.

   L.2001, c.117, s.1; amended 2001, c.386, s.98.