Minnesota § 336.2A-524 336.2A-524 LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.

Minnesota Statutes

§ 336.2A-524 — 336.2A-524 LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.

Minnesota § 336.2A-524

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.2A-524 (336.2A-524 LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT.) 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-524 (2026).

Text

(1)A lessor aggrieved under section336.2A-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 (section336.2A-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 reaso

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(1) A lessor aggrieved under section336.2A-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 (section336.2A-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.