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Section 400.9-609 Secured party's right to take possession after default.

MO Rev Stat § 400.9-609 (2019) (N/A)
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Effective 01 Jul 2001, see footnote

400.9-609. Secured party's right to take possession after default. — (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 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 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 which is reasonably convenient to both parties.

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(L. 2001 S.B. 288)

Effective 7-01-01

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Section 400.9-608 Application of proceeds of collection or enforcement — liability for deficiency and right to surplus.
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Section 400.9-610 Disposition of collateral after default.