47-2A525

47-2A525. Lessor's right to possession of
goods

A. If a lessor discovers the lessee to be insolvent, the lessor may refuse to
deliver the goods.

B. After a default by the lessee under the lease contract of the type described in
section 47-2A523, subsection A or section 47-2A523, subsection C, paragraph 1 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 47-2A527).

C. The lessor may proceed under subsection B of this section without judicial
process if it can be done without breach of the peace or the lessor may proceed by
action.