§490:2A-525  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 490:2A-523(a) or
490:2A-523(c)(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 490:2A-527).



(c)  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. [L 1991, c 40, pt of §1]