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This entry was published on 2014-09-22
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Lessor's Right to Possession of Goods
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2-A, PART 5
Section 2-A-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 Section 2-A-523(1) or 2-A-523(3)(a) 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 2-A-527).

(3) The lessor may proceed under subsection (2) without judicial
process if it can be done without breach of the peace or the lessor may
proceed by action.