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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 12A. UNIFORM COMMERCIAL CODE

  § 12A-1-9-609. Secured party’s right to take possession after default.  

Latest version.

  • 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 1-9-610 of this title.

    (b)  A secured party may proceed under subsection (a) of this section:

    (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.

Added by Laws 2000, c. 371, § 116, eff. July 1, 2001.