§490:2A-524  Lessor's right to identify
goods to lease contract.  (a)  After default by the lessee under the lease
contract of the type described in section 490:2A-523(a) or 490:2A-523(c)(1) or,
if agreed, after other default by the lessee, the lessor may:



(1)  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



(2)  Dispose of goods (section 490:2A-527(a)) that
demonstrably have been intended for the particular lease contract even though
those goods are unfinished.



(b)  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. [L 1991, c 40, pt
of §1; am L 1992, c 26, §1]