Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.2A-524 LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.
(1) A lessor aggrieved under section 336.2A-523(1) may:
(a) identify to the lease contract conforming goods not already identified if at the time the
lessor learned of the default they were in the lessor's or the supplier's possession or control; and
(b) dispose of goods (section 336.2A-527(1)) that demonstrably have been intended for the
particular lease contract even though those goods are unfinished.
(2) If the goods are unfinished, in the exercise of reasonable commercial judgment for
the purposes of avoiding loss and of effective realization, an aggrieved lessor or the supplier
may either complete manufacture and wholly identify the goods to the lease contract or cease
manufacture and lease, sell, or otherwise dispose of the goods for scrap or salvage value or
proceed in any other reasonable manner.
History: 1989 c 232 art 1 s 2A-524
(1) A lessor aggrieved under section 336.2A-523(1) may:
(a) identify to the lease contract conforming goods not already identified if at the time the
lessor learned of the default they were in the lessor's or the supplier's possession or control; and
(b) dispose of goods (section 336.2A-527(1)) that demonstrably have been intended for the
particular lease contract even though those goods are unfinished.
(2) If the goods are unfinished, in the exercise of reasonable commercial judgment for
the purposes of avoiding loss and of effective realization, an aggrieved lessor or the supplier
may either complete manufacture and wholly identify the goods to the lease contract or cease
manufacture and lease, sell, or otherwise dispose of the goods for scrap or salvage value or
proceed in any other reasonable manner.
History: 1989 c 232 art 1 s 2A-524
Official Publication of the State of Minnesota
Revisor of Statutes