US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 Maryland Statutes » Commercial Law » Title 9 - Secured Transactions » Subtitle 6 - Default » Section 9-609 – 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 § 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 which is reasonably convenient to both parties.