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Me. Rev. Stat. tit. 11, § 9-1609

Secured party's right to take possession after default

Known as the Uniform Commercial Code

The act spans §§ 2-101 to 9-1709 (548 sections).

PL 1999, c. 699, §A2 (NEW)

(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 9‑1610.

(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 that is reasonably convenient to both parties.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.