§ 25-9-609. Secured party's right to take possession after default.
§25‑9‑609. Secured party's right to take possession after default.
(a) Possession;rendering equipment unusable; disposition on debtor's premises. Afterdefault, a secured party:
(1) May take possessionof the collateral; and
(2) Without removal, mayrender equipment unusable and dispose of collateral on a debtor's premisesunder G.S. 25‑9‑610.
(b) Judicial andnonjudicial process. A secured party may proceed under subsection (a) of thissection:
(1) Pursuant to judicialprocess; or
(2) Without judicialprocess, if it proceeds without breach of the peace.
(c) Assembly ofcollateral. If so agreed, and in any event after default, a secured party mayrequire the debtor to assemble the collateral and make it available to thesecured party at a place to be designated by the secured party which isreasonably convenient to both parties. (1961, c. 574; 1965, c. 700,s. 1; 1975, c. 862, s. 7; 2000‑169, s. 1.)