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Michigan Legislature
Michigan Compiled Laws Complete Through PA 428 and includes 430-457 of 2018
House: Adjourned until Tuesday, January 22, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, January 22, 2019 10:00:00 AM

Please note: PA numbers 632 through 690 were updated on January 4th.

Michigan Legislature

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Section 440.9609

Act 174 of 1962

440.9609 Secured party's right to take possession after default.

Sec. 9609.

(1) After default, a secured party may do 1 or more of the following:

(a) Take possession of the collateral.

(b) Without removal, render equipment unusable and dispose of collateral on a debtor's premises under section 9610.

(2) A secured party may proceed under subsection (1) either pursuant to judicial process, or 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.

History: Add. 2000, Act 348, Eff. July 1, 2001

© 2017 Legislative Council, State of Michigan

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