GroundRules
← Search the law
North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 41-09-106: (9-609) Secured party's right to take possession after default

Read at publisher ↗
Where this section sits in the code
  1. Title 41 Uniform Commercial Code
  2. Chapter 41-09 Secured Transactions

1.After default, a secured party:

a.May take possession of the collateral; and

b.Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 41-09-107.

2.A secured party may proceed under subsection 1:

a.Pursuant to judicial process; or

b.Without judicial process, if it proceeds without breach of the peace.

3.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.

Collected 2026-09-02T21:04:14Z. Source file · JSON

Browse this collection