North Dakota § 41-02.1-72 (2A-524) Lessor's right to identify goods to lease contract

North Dakota Statutes

§ 41-02.1-72 — (2A-524) Lessor's right to identify goods to lease contract

North Dakota § 41-02.1-72

Title 41Uniform Commercial Code

Ch. 41-02.1Leases

This text of North Dakota § 41-02.1-72 ((2A-524) Lessor's right to identify goods to lease contract) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-02.1-72 (2026).

Text

1.A lessor aggrieved under subsection 1 of section 41-02.1-70 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 (subsection 1 of section 41-02.1-74) 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 p

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1. A lessor aggrieved under subsection 1 of section 41-02.1-70 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 (subsection 1 of section 41-02.1-74) 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.