§ 2A525. Lessor's right to possession of goods.
(a) Insolvency of lessee.--If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver the goods.
(b) Default by lessee.--After a default by the lessee under the lease contract of the type described in section 2A523(a) or (c)(1) (relating to lessor's remedies) 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 2A527).
(c) Method of proceeding on default.--The lessor may proceed under subsection (b) without judicial process if it can be done without breach of the peace or the lessor may proceed by action.
Cross References. Section 2A525 is referred to in sections 2A504, 2A523, 2A527 of this title.Section: Previous 2a518 2a519 2a520 2a521 2a522 2a523 2a524 2a525 2a526 2a527 2a528 2a529 2a530 2a531 2a532 Next
Last modified: October 8, 2016