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Kentucky Revised Statutes · § 355.9-609 — Secured party's right to take possession after default

355.9-609. Secured party's right to take possession after default

(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 KRS 355.9-610.

(2) A secured party may proceed under subsection (1) of this section:

(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.

Source notes

Effective: July 1, 2001

History and annotations

Created 2000 Ky. Acts ch. 408, sec. 127, effective July 1, 2001.

Official source for this version

Source captured 2026-09-25. Open the official source.

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