Alaska Statutes
Article 6. Default.
Sec. 45.29.609. 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 AS 45.29.610.
(b) A secured party may proceed under subsection (a) of this section
(1) in accordance with 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.

Structure Alaska Statutes

Alaska Statutes

Title 45. Trade and Commerce

Chapter 29. Secured Transactions

Article 6. Default.

Sec. 45.29.601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.

Sec. 45.29.602. Waiver and variance of rights and duties.

Sec. 45.29.603. Agreement on standards concerning rights and duties.

Sec. 45.29.604. Procedure if security agreement covers real property or fixtures.

Sec. 45.29.605. Unknown debtor or secondary obligor.

Sec. 45.29.606. Time of default for agricultural lien.

Sec. 45.29.607. Collection and enforcement by secured party.

Sec. 45.29.608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.

Sec. 45.29.609. Secured party's right to take possession after default.

Sec. 45.29.610. Disposition of collateral after default.

Sec. 45.29.611. Notification before disposition of collateral.

Sec. 45.29.612. Timeliness of notification before disposition of collateral.

Sec. 45.29.613. General notification before disposition of collateral.

Sec. 45.29.614. Notification before disposition of collateral in consumer goods transaction.

Sec. 45.29.615. Application of proceeds of disposition; liability for deficiency and right to surplus.

Sec. 45.29.616. Explanation of calculation of surplus or deficiency.

Sec. 45.29.617. Rights of transferee of collateral.

Sec. 45.29.618. Rights and duties of certain secondary obligors.

Sec. 45.29.619. Transfer of record or legal title.

Sec. 45.29.620. Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.

Sec. 45.29.621. Notification of proposal to accept collateral.

Sec. 45.29.622. Effect of acceptance of collateral.

Sec. 45.29.623. Right to redeem collateral.

Sec. 45.29.624. Waiver.

Sec. 45.29.625. Remedies for secured party's failure to comply with chapter.

Sec. 45.29.626. Action in which deficiency or surplus is in issue.

Sec. 45.29.627. Determination of whether conduct was commercially reasonable.

Sec. 45.29.628. Nonliability and limitation on liability of secured party; liability of secondary obligor.