Section 6 Execution
| Library | Secured Transactions 2005 |
In addition to, or in lieu of, the Missouri UCC remedies, a secured creditor can obtain a judgment and execute on the collateral. Section 400.9-601(f), RSMo Supp. 2004. A sale under an execution from a judgment acts as the foreclosure of the secured creditor’s security interest in the collateral. Id. This method is preferred when:
- the secured creditor does not have a lien on certain assets—e.g., intellectual property—that may be valuable to selling all collateral as a whole; or
- the borrower is...
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