CHAPTER 221

AN ACT TO AMEND TITLE 6, DELAWARE CODE, RELATING TO RETAIL INSTALLMENT CONTRACTS AND ACCOUNTS, BY PROVIDING REMEDIES AVAILABLE TO A HOLDER OF A DEFAULTED CONTRACT CONSISTENT WITH THE DELAWARE UNIFORM COMMERCIAL CODE.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Title 6, Delaware Code, is amended by striking § 4346, Chapter 43, and inserting in lieu thereof a new § 4346 to read as follows :

§ 4346. Remedies available to holder on default of buyer

In the event of any default by the buyer in the performance of his obligations under a contract or installment account, the holder, pursuant to any rights granted therein, may proceed to recover judgment for the balance due without retaking the goods, or he may retake the goods and proceed as provided for in Article 9 of Title 5A, Uniform Commercial Code.

Approved January 2, 1968.