Exercise Extreme Caution when using many of our free forms - or any legal material. While they may provide general ideas on format & content, validity requirements can and do vary greatly from state to state. Many MUST be Properly Modified for your own location and circumstances. (Hint: If in doubt it's usually safer to include unneeded clauses than to leave out necessary ones. . . . but it's even safer to consult a competent source or use current, state specific ones like ours mentioned below.) Also, we urge people (and lawyers too) to read our Relying On Legal Info FAQ
DEMAND BY SECURED PARTY FOR POSSESSION OF COLLATERAL Date: To: Pursuant to the security agreement dated _______________, 20__, by and between us wherein you were obligated to deliver _______________as collateral. You are presently in default under said agreement. Therefore, demand is hereby made unto you to surrender possession of said collateral to me immediately at ______________________ pursuant to the terms of the security agreement and the Uniform Commercial Code. Very truly yours, _______________________________
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* IMPORTANT *
A primary purpose of the Library has always been to provide no-cost legal information to anyone who wants or needs it. However, It's Vital that You Understand that most of our Forms are ONLY General, Generic Examples of possible formats & contents. Legal Requirements for Assignments, Leases, Contracts and many other business documents Can and Do Vary Greatly from State to State and can Change Often. To be Valid - and Not Create More Problems than it Solves - it MUST be Properly Drafted and Modified to fit Your Specific Location and Circumstances!
For Up-To-Date Forms Covering Just About Every State & Situation plus Summaries of
Relevant Laws We STRONGLY SUGGEST You Check Out:
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We've lots of related material, so wander around & explore places like our
Business Law Topic Area and the Study of Law Study
Our Main Forms Room
Our Law Practice Forms
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The Library Rotunda
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The Reference Room
Dozens of Topic Areas & Our Law Lexicon
[Last Revised 3/02]