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Tex. Business & Commerce Code § 9.609

This is the official text of Tex. Business & Commerce Code § 9.609, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.

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§ 9.609. SECURED PARTY'S RIGHT TO TAKE POSSESSION AFTER DEFAULT.

Official statutory text

(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 the debtor's premises under Section 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 that is reasonably convenient to both parties.

Status: in_force · Read it on the official government site

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