Colorado § 4-2.5-524 Lessor's right to identify goods to lease contract

Colorado Statutes

§ 4-2.5-524 — Lessor's right to identify goods to lease contract

Colorado § 4-2.5-524

Title 04Uniform

Art.Leases

This text of Colorado § 4-2.5-524 (Lessor's right to identify goods to lease contract) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2.5-524 (2026).

Text

(1)A lessor aggrieved under section 4-2.5-523 (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 4-2.5-527 (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 an

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(1) A lessor
aggrieved under section 4-2.5-523 (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 4-2.5-527 (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.