State Codes and Statutes
Statutes > Missouri > T26 > C400 > 400_9-609Secured party's right to take possession after default.
400.9-609. (a) After default, a secured party:
(1) May take possession of the collateral; and
(2) Without removal, may render equipment unusable and dispose ofcollateral on a debtor's premises under section 400.9-610.
(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 thepeace.
(c) 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.
(L. 2001 S.B. 288)Effective 7-01-01
