§ 8.9A-609 Secured party’s right to take possession after default
a. Possession; rendering equipment unusable; disposition on debtor’s premises. After default, a secured party:
2. without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under § 8.9A-610.
b. Judicial and nonjudicial process. A secured party may proceed under subsection (a):
2. without judicial process, if it proceeds without breach of the peace.
c. Assembly of collateral. 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.
History
This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2000, chapter 1007.
1964, c. 219, § 8.9-503; 2000, c. 1007.