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NRS 104.9609

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

Known as the Uniform Commercial Code

The act spans §§ 104–104 (489 sections).

Applied in 2 court decisions — leading case Droge v. AAAA Two Star Towing, Inc. (2020)

Most recently applied in Droge v. AAAA Two Star Towing, Inc. (June 2020)

(Added to NRS by 1999, 349)

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.

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