(1) Pursuant to judicial process; or
(2) Without judicial process, if it proceeds without breach of the peace.
Source: L. 2001: Entire article R&RE, p. 1403, § 1, effective July 1.
Editor's note: (1) This section is similar to former § 4-9-503 as it existed prior to 2001.
(2) Colorado legislative change: Colorado added subsections (d) and (e).
This section does not authorize a secured party who repossesses without judicial process to utilize the assistance of a law-enforcement officer. A number of cases have held that a repossessing secured party's use of a law-enforcement officer without benefit of judicial process constituted a failure to comply with former Section 9-503.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 9 - Secured Transactions
§ 4-9-602. Waiver and Variance of Rights and Duties
§ 4-9-603. Agreement on Standards Concerning Rights and Duties
§ 4-9-604. Procedure if Security Agreement Covers Real Property or Fixtures
§ 4-9-605. Unknown Debtor or Secondary Obligor
§ 4-9-606. Time of Default for Agricultural Lien
§ 4-9-607. Collection and Enforcement by Secured Party
§ 4-9-609. Secured Party's Right to Take Possession After Default
§ 4-9-610. Disposition of Collateral After Default
§ 4-9-611. Notification Before Disposition of Collateral
§ 4-9-612. Timeliness of Notification Before Disposition of Collateral
§ 4-9-613. Contents and Form of Notification Before Disposition of Collateral: General
§ 4-9-615. Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
§ 4-9-616. Explanation of Calculation of Surplus or Deficiency - Definitions
§ 4-9-617. Rights of Transferee of Collateral
§ 4-9-618. Rights and Duties of Certain Secondary Obligors
§ 4-9-619. Transfer of Record or Legal Title
§ 4-9-621. Notification of Proposal to Accept Collateral
§ 4-9-622. Effect of Acceptance of Collateral
§ 4-9-623. Right to Redeem Collateral
§ 4-9-625. Remedies for Secured Party's Failure to Comply With Article
§ 4-9-626. Action in Which Deficiency or Surplus Is in Issue
§ 4-9-627. Determination of Whether Conduct Was Commercially Reasonable