S.D. Codified Laws § 57A-9-609

party's rights with respect to collateral following default

Last amended: 2000Year: 2025Length: 111 wordsSubsections: 3Official source
(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 § 57A-9-610 . (b) A secured party may proceed under subsection (a): (1) Pursuant to judicial process; or (2) Without judicial process, if it proceeds 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 to be designated by the secured party which is reasonably convenient to both parties. Source: SL 2000, ch 231.
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