NRS104.9609. Secured party’s right to take possession or dispose of collateral after default.  


Latest version.
  •       1.  After default, a secured party:

          (a) May take possession of the collateral;

          (b) If a debtor so agrees, 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; and

          (c) Without removal may render equipment unusable and dispose of collateral on a debtor’s premises under NRS 104.9610.

          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.

      (Added to NRS by 1999, 349)