Illinois General Assembly - Illinois Compiled Statutes

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810 ILCS 5/9-609

(810 ILCS 5/9-609)

Sec. 9-609.

Secured party's right to take possession after default.

(a) Possession; rendering equipment unusable; disposition on
debtor's premises.  After default, a secured party:

(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 9-610.

(b) Judicial and nonjudicial process.  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) 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.

(Source: P.A. 91-893, eff. 7-1-01.)