Wisconsin Statutes

Wis. Stat. § 409.609 (2026)

Secured party’s right to take possession after default

✓ current as of July 2026

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409.609409.609 Secured party’s right to take possession after default.

409.609(1)(1) Possession; rendering equipment unusable; disposition on debtor’s premises. After default, a secured party:

409.609(1)(a)(a) May take possession of the collateral; and

409.609(1)(b)(b) Without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under s. 409.610.

409.609(2)(2) Judicial and nonjudicial process. A secured party may proceed under sub. (1):

409.609(2)(a)(a) Pursuant to judicial process; or

409.609(2)(b)(b) Without judicial process, if it proceeds without breach of the peace.

409.609(3)(3) 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.

409.609 HistoryHistory: 2001 a. 10.

Notes of Decisions

Cited in 4 cases (2 in the last 5 years), 2009–2022 · leading case: Danelle Duncan v. Asset Recovery Specialists, Inc., 2022 WI 1 (Wis. 2022).

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Danelle Duncan v. Asset Recovery Specialists, Inc., 2022 WI 1 (Wis. 2022). “§ 409.609 (2)(b); see also Hollibush v. Ford Motor Credit Co.”

Wells Fargo Bank, N.A. v. Sokaogon Chippewa Cmty., 787 F. Supp. 2d 867 (E.D. Wis. 2011). · cites it 3× “) On August 4, 2009, in the face of the Tribe and Sokaogon Gaming’s repeated defaults, the Trustee filed suit in Forest County, Wisconsin alleging breach of the Indenture, breach of the Guaranty, right to collateral pursuant to Wis. Stat. § 409.609 and asking for the appointment…”

Kraenzler v. Brace, 2009 WI App 131 (Wis. Ct. App. 2009). · cites it 2× “615(4) to the extent that they require accounting for or payment of surplus proceeds of collateral; (6) Section 409.609 to the extent that it imposes upon a secured parly that takes possession of collateral without judicial process the duty to do so without breach of peace; (7)…”

Velocity Capital Grp., LLC v. Trapp (Bankr. W.D. Wis. 2022). · cites it 2× “Section 409.609(1)(a), Wis. Stat., provides that “[a]fter default, a secured party .”

— Wis. Stat. § 409.609(1)(a) — 1 case

Velocity Capital Grp., LLC v. Trapp (Bankr. W.D. Wis. 2022). “Section 409.609(1)(a), Wis. Stat., provides that “[a]fter default, a secured party .”

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