Secured Transactions Act · s 64

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s 64Secured party may render collateral unusable

(1)

A secured party with priority over all other secured parties may render the collateral unusable under section 63 if the collateral is of a kind —

(a)

that cannot be readily removed from the premises of the debtor; or

(b)

for which adequate storage facilities are not readily available.

Secured Transactions

(2)

If subsection (1) applies, the secured party may dispose of the collateral on the premises of the debtor:

Provided that it shall not cause the person in possession of the premises, if other than the debtor, any greater inconvenience than is necessary.