State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-609

SECTION 6A-9-609

   § 6A-9-609  Secured party's right to takepossession after default. – (a) Possession; rendering equipment unusable; disposition on debtor'spremises. After default, a secured party:

   (1) May take possession of the collateral; and

   (2) Without removal, may render equipment unusable anddispose of collateral on a debtor's premises under § 6A-9-610.

   (b) Judicial and nonjudicial process. A secured partymay proceed under subsection (a):

   (1) Pursuant to judicial process; or

   (2) Without judicial process, if it proceeds without breachof the peace; provided however, in the case of repossession of any motorvehicle without knowledge of the retail buyer, the local police departmentshall be notified of such repossession within one hour after obtaining suchpossession. In the absence of a local police department or if the local policedepartment cannot be reached for notification, the state police shall bepromptly notified of such repossession.

   (c) Assembly of collateral. If so agreed, and in anyevent after default, a secured party may require the debtor to assemble thecollateral and make it available to the secured party at a place to bedesignated by the secured party which is reasonably convenient to both parties.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-609

SECTION 6A-9-609

   § 6A-9-609  Secured party's right to takepossession after default. – (a) Possession; rendering equipment unusable; disposition on debtor'spremises. After default, a secured party:

   (1) May take possession of the collateral; and

   (2) Without removal, may render equipment unusable anddispose of collateral on a debtor's premises under § 6A-9-610.

   (b) Judicial and nonjudicial process. A secured partymay proceed under subsection (a):

   (1) Pursuant to judicial process; or

   (2) Without judicial process, if it proceeds without breachof the peace; provided however, in the case of repossession of any motorvehicle without knowledge of the retail buyer, the local police departmentshall be notified of such repossession within one hour after obtaining suchpossession. In the absence of a local police department or if the local policedepartment cannot be reached for notification, the state police shall bepromptly notified of such repossession.

   (c) Assembly of collateral. If so agreed, and in anyevent after default, a secured party may require the debtor to assemble thecollateral and make it available to the secured party at a place to bedesignated by the secured party which is reasonably convenient to both parties.


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-9 > 6a-9-609

SECTION 6A-9-609

   § 6A-9-609  Secured party's right to takepossession after default. – (a) Possession; rendering equipment unusable; disposition on debtor'spremises. After default, a secured party:

   (1) May take possession of the collateral; and

   (2) Without removal, may render equipment unusable anddispose of collateral on a debtor's premises under § 6A-9-610.

   (b) Judicial and nonjudicial process. A secured partymay proceed under subsection (a):

   (1) Pursuant to judicial process; or

   (2) Without judicial process, if it proceeds without breachof the peace; provided however, in the case of repossession of any motorvehicle without knowledge of the retail buyer, the local police departmentshall be notified of such repossession within one hour after obtaining suchpossession. In the absence of a local police department or if the local policedepartment cannot be reached for notification, the state police shall bepromptly notified of such repossession.

   (c) Assembly of collateral. If so agreed, and in anyevent after default, a secured party may require the debtor to assemble thecollateral and make it available to the secured party at a place to bedesignated by the secured party which is reasonably convenient to both parties.