70A-2a-525 - Lessor's right to possession of goods. - Utah Statutes

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70A-2a-525. Lessor's right to possession of goods.
(1) If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver thegoods.
(2) After a default by the lessee under the lease contract of the type described in Section70A-2a-523, or if agreed, after the default by the lessee, the lessor has the right to take possessionof the goods. If the lease contract so provides, the lessor may require the lessee to assemble thegoods and make them available to the lessor at a place to be designated by the lessor which isreasonably convenient to both parties. Without removal, the lessor may render unusable anygoods employed in trade or business, and may dispose of goods on the lessee's premises asprovided in Section 70A-2a-527.
(3) The lessor may proceed under Subsection (2) without judicial process if it can bedone without breach of the peace or the lessor may proceed by action.

Amended by Chapter 237, 1993 General Session

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-02a > 70a-2a-525

70A-2a-525. Lessor's right to possession of goods.
(1) If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver thegoods.
(2) After a default by the lessee under the lease contract of the type described in Section70A-2a-523, or if agreed, after the default by the lessee, the lessor has the right to take possessionof the goods. If the lease contract so provides, the lessor may require the lessee to assemble thegoods and make them available to the lessor at a place to be designated by the lessor which isreasonably convenient to both parties. Without removal, the lessor may render unusable anygoods employed in trade or business, and may dispose of goods on the lessee's premises asprovided in Section 70A-2a-527.
(3) The lessor may proceed under Subsection (2) without judicial process if it can bedone without breach of the peace or the lessor may proceed by action.

Amended by Chapter 237, 1993 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-02a > 70a-2a-525

70A-2a-525. Lessor's right to possession of goods.
(1) If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver thegoods.
(2) After a default by the lessee under the lease contract of the type described in Section70A-2a-523, or if agreed, after the default by the lessee, the lessor has the right to take possessionof the goods. If the lease contract so provides, the lessor may require the lessee to assemble thegoods and make them available to the lessor at a place to be designated by the lessor which isreasonably convenient to both parties. Without removal, the lessor may render unusable anygoods employed in trade or business, and may dispose of goods on the lessee's premises asprovided in Section 70A-2a-527.
(3) The lessor may proceed under Subsection (2) without judicial process if it can bedone without breach of the peace or the lessor may proceed by action.

Amended by Chapter 237, 1993 General Session