What is the Georgia code 11-9-503?

Answer 1

1-15 Unless otherwise agreed a secured party has on default the

1-16 right to take possession of the collateral. In taking

1-17 possession a secured party may proceed without judicial

1-18 process if this can be done without breach of the peace

1-19 and without violating any state or federal law or may

1-20 proceed by action. If the security agreement so provides

1-21 the secured party may require the debtor to assemble the

1-22 collateral and make it available to the secured party at a

1-23 place to be designated by the secured party which is

1-24 reasonably convenient to both parties. Without removal a

1-25 secured party may render equipment unusable, and may

1-26 dispose of collateral on the debtor's premises under Code

1-27 Section 11-9-504."