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§12A-2A-529.


§12A-2A-529.
   
                        LESSOR'S ACTION FOR THE RENT
                                      
   (1) After 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, if the lessor complies with subsection
   (2) of this section, the lessor may recover from the lessee as
   damages:
   
   (a) for goods accepted by the lessee and not repossessed by or
   tendered to the lessor, and for conforming goods lost or damaged
   within a commercially reasonable time after risk of loss passes to the
   lessee (Section 2A-219 of this title):
   
   (i) accrued and unpaid rent as of the date of entry of judgment in
   favor of the lessor,
   
   (ii) the present value as of the same date of the rent for the then
   remaining lease term of the lease agreement, and
   
   (iii) any incidental damages allowed under Section 2A-530 of this
   title, less expenses saved in consequence of the lessee's default; and
   
   (b) for goods identified to the lease contract if the lessor is unable
   after reasonable effort to dispose of them at a reasonable price or
   the circumstances reasonably indicate that effort will be unavailing:
   
   (i) accrued and unpaid rent as of the date of entry of judgment in
   favor of the lessor,
   
   (ii) the present value as of the same date of the rent for the then
   remaining lease term of the lease agreement, and
   
   (iii) any incidental damages allowed under Section 2A-530 of this
   title, less expenses saved in consequence of the lessee's default.
   
   (2) Except as provided in subsection (3) of this section, the lessor
   shall hold for the lessee for the remaining lease term of the lease
   agreement any goods that have been identified to the lease contract
   and are in the lessor's control.
   
   (3) The lessor may dispose of the goods at any time before collection
   of the judgment for damages obtained pursuant to subsection (1) of
   this section. If the disposition is before the end of the remaining
   lease term of the lease agreement, the lessor's recovery against the
   lessee for damages is governed by Section 2A-527 or 2A-528 of this
   title, and the lessor will cause an appropriate credit to be provided
   against a judgment for damages to the extent that the amount of the
   judgment exceeds the recovery available pursuant to Section 2A-527 or
   2A-528 of this title.
   
   (4) Payment of the judgment for damages obtained pursuant to
   subsection (1) of this section entitles the lessee to the use and
   possession of the goods not then disposed of for the remaining lease
   term of and in accordance with the lease agreement.
   
   (5) After default by the lessee under the lease contract of the type
   described in either subsection (1) of Section 2A-523 of this title or
   paragraph (a) of subsection (3) of Section 2A-523 of this title or, if
   agreed, after other default by the lessee, a lessor who is held not
   entitled to rent under this section must nevertheless be awarded
   damages for nonacceptance under Sections 2A-527 or 2A-528 of this
   title.
   

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