Georgia Commercial Code - Title 11, Section 11-9-609
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Georgia Laws > Commercial Code > Georgia Commercial Code - Title 11, Section 11-9-609
Secured party´s right to take possession after default (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 Code Section 11-9-610. (b) Judicial and nonjudicial process. A secured party may proceed under subsection (a) of this Code section: (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.
Last modified: May 3, 2006
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