New Jersey § 12a:9-604
Full text of New Jersey New Jersey Statutes § 12a:9-604, with citation guidance and answers to common questions.
§ 12a:9-604.
(a) Enforcement: personal and real property. If a security agreement covers both personal and real property, a secured party
may proceed: (1) under this part as to the personal property without prejudicing any rights with
respect to the real property; or (2) as to both the personal property and the real property in accordance with the
rights with respect to the real property, in which case the other provisions of this
part do not apply. (b) Enforcement: fixtures. Subject to subsection (c) , if a security agreement covers goods that are or become fixtures, a secured party
may proceed: (1) under this part; or (2) in accordance with the rights with respect to real property, in which case the
other provisions of this part do not apply. (c) Removal of fixtures. Subject to the other provisions of this part, if a secured party holding a security
interest in fixtures has priority over all owners and encumbrancers of the real property,
the secured party, after default, may remove the collateral from the real property. (d) Injury caused by removal. A secured party that removes collateral shall promptly reimburse any encumbrancer
or owner of the real property, other than the debtor, for the cost of repair of any
physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for any diminution
in value of the real property caused by the absence of the goods removed or by any
necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured
party gives adequate assurance for the performance of the obligation to reimburse.
Frequently Asked Questions About New Jersey § 12a:9-604
What does New Jersey Statutes § 12a:9-604 cover?
Section 12a:9-604 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-604?
A common citation format is "New Jersey Statutes § 12a:9-604" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-604 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.