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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 8.9A-609: Secured party's right to take possession after default

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Where this section sits in the code
  1. Title 8.9A. COMMERCIAL CODE — SECURED TRANSACTIONS
  2. Part 6. DEFAULT
  3. Subpart 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST

(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 § 8.9A-610.(b) Judicial and nonjudicial process. 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) 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.1964, c. 219, § 8.9-503; 2000, c. 1007.

Collected 2026-09-04T15:13:29Z. Source file · JSON

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