Minnesota § 336.2A-523 336.2A-523 LESSOR'S REMEDIES.

Minnesota Statutes

§ 336.2A-523 — 336.2A-523 LESSOR'S REMEDIES.

Minnesota § 336.2A-523

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.2A-523 (336.2A-523 LESSOR'S REMEDIES.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.2A-523 (2026).

Text

(1)If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (section336.2A-510), the lessee is in default under the lease contract and the lessor may pursue any or all of the following remedies:

(a)cancel the lease contract (section336.2A-505(1));

(b)proceed respecting goods not identified to the lease contract (section336.2A-524);

(c)withhold delivery of the goods and take possession of goods previously delivered (section336.2A-525);

(d)stop delivery of the goods by any bailee (section336.2A-526);

(e)dispose of th

Free access — add to your briefcase to read the full text and ask questions with AI

(1) If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (section336.2A-510), the lessee is in default under the lease contract and the lessor may pursue any or all of the following remedies:
(a) cancel the lease contract (section336.2A-505(1));
(b) proceed respecting goods not identified to the lease contract (section336.2A-524);
(c) withhold delivery of the goods and take possession of goods previously delivered (section336.2A-525);
(d) stop delivery of the goods by any bailee (section336.2A-526);
(e) dispose of the goods and recover damages (section336.2A-527), or retain the goods and recover damages (section336.2A-528), or in a proper case recover rent (section336.2A-529);
(f) exercise any other rights or pursue any other remedies provided in the lease contract.
(2) If a lessor does not fully exercise a right or obtain a remedy to which the lessor is entitled under subsection (1), the lessor may recover the loss resulting in the ordinary course of events from the lessee's default as determined in any reasonable manner, together with incidental damages, less expenses saved in consequence of the lessee's default.
(3) If a lessee is otherwise in default under a lease contract, the lessor may exercise the rights and pursue the remedies provided in the lease agreement, which may include a right to cancel the lease. In addition, unless otherwise provided in the lease contract:
(a) if the default substantially impairs the value of the lease contract to the lessor, the lessor may exercise the rights and pursue the remedies provided in subsection (1) or (2); or
(b) if the default does not substantially impair the value of the lease contract to the lessor, the lessor may recover as provided in subsection (2).