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The Florida Senate

2007 Florida Statutes

Secured party's right to take possession after default.
Section 679.609, Florida Statutes 2007

679.609  Secured party's right to take possession after default.--

(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 s. 679.610

(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 which is reasonably convenient to both parties.

History.--s. 7, ch. 2001-198.