Ohio Rev. Code Ann. § 1309.609

Secured party's right to take possession after default - UCC 9-609

Known as the Uniform Commercial Code

The act spans §§ 1309–1309 (136 sections).

Applied in 1 court decision — leading case Tidewater Finance Co. v. Curry (In Re Curry) (2006)

Most recently applied in Tidewater Finance Co. v. Curry (In Re Curry) (August 2006)

Effective: July 1, 2001; Latest Legislation: Senate Bill 74 - 124th General Assembly

(A) 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 section 1309.610 of the Revised Code.

(B) A secured party may act under division (A) of this section:

(1) Pursuant to judicial process; or

(2) Without judicial process if it acts without breach of the peace.

(C) 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 that is designated by the secured party and that is reasonably convenient to both parties.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.