[Previous] [Next]

§12A-2A-525.


§12A-2A-525.
   
                   LESSOR'S RIGHT TO POSSESSION OF GOODS
                                      
   (1) If a lessor discovers the lessee to be insolvent, the lessor may
   refuse to deliver the goods.
   
   (2) After a default by the lessee under the lease contract of the type
   described in subsection (1) of Section 2A-523 or paragraph (a) of
   subsection (3) of Section 2A-523 of this title or, if agreed, after
   other default by the lessee, the lessor has the right to take
   possession of the goods. If the lease contract so provides, the lessor
   may require the lessee to assemble the goods and make them available
   to the lessor at a place to be designated by the lessor which is
   reasonably convenient to both parties. Without removal, the lessor may
   render unusable any goods employed in trade or business, and may
   dispose of goods on the lessee's premises (Section 2A-527 of this
   title).
   
   (3) The lessor may proceed under subsection (2) of this section
   without judicial process if it can be done without breach of the peace
   or the lessor may proceed by action.
   

[Previous] [Next]