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Under the Secured Transactions Article of the UCC, in a situation where the financing statement contains no special provisions and the debtor has defaulted, the
Under the Secured Transactions Article of the UCC, in a situation where the financing statement contains no special provisions and the debtor has defaulted, the secured party generally has the right to
Require the debtor to deliver the collateral to the secured party.
Peacefully take possession of the collateral without judicial process.
Sell the collateral without notifying the debtor.
Retain the collateral and proceed against the debtor for any balance due.
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