(a) Possession; rendering equipment unusable; disposition on debtor's
premises. 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 9--610.
(b) Judicial and nonjudicial process. 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) Assembly of collateral. 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.
Structure New York Laws
Article 9 - Secured Transactions
Sub Part 1 - Default and Enforcement of Security Interest
9-602 - Waiver and Varience of Rights and Duties
9-603 - Agreement on Standards Concerning Rights and Duties
9-604 - Procedure if Security Agreement Covers Real Property, Fixtures, or Cooperative Interests
9-605 - Unknown Debtor or Secondary Obligor
9-606 - Time of Default for Agricultural Lien
9-607 - Collection and Enforcement by Secured Party
9-609 - Secured Party's Right to Take Possession After Default
9-610 - Disposition of Collateral After Default
9-611 - Notification Before Disposition of Collateral
9-612 - Timeliness of Notification Before Disposition of Collateral
9-613 - Contents and Form of Notification Before Disposition of Collateral: General
9-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus
9-616 - Explanation of Calculation of Surplus or Deficiency
9-617 - Rights of Transferee of Collateral
9-618 - Rights and Duties of Certain Secondary Obligors
9-619 - Transfer of Record or Legal Title
9-621 - Notification of Proposal to Accept Collateral
9-622 - Effect of Acceptance of Collateral