Texas Business and Commerce Code 9.609 – Secured Party’s Right to Take Possession After Default
Current as of: 2024 | Check for updates
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(a) 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 the debtor’s premises under § 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 the peace.
(c) 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 that is reasonably convenient to both parties.