U.C.C. § 9-609

What is U.C.C. § 9-609?

A provision that specifies the right and procedure for a secured party to take possession of the collateral after default.

Further Reading

For more detailed information, see our related Security Transactions And Mortgages terms:

• Security Agreement
• Secured Creditor
• Right to redeem collateral
• Security Interest
• Waiver