§ 41-02.1-73 — (2A-525) Lessor's right to possession of goods

North Dakota § 41-02.1-73

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-02.1: Leases

Text

1. If a lessor discovers the lessee to be insolvent, the lessor may refuse to deliver the
goods.
2. The lessor has on a default by the lessee under the lease contract described in
subsection 1 of section 41-02.1-71 or in subdivision a of subsection 3 of section
41-02.1-71 the right to take possession of the goods. If the lease contract so provides,
the lessor may require the lessee to assemble the goods and make them available to
the lessor at a place to be designated by the lessor which is reasonably convenient to
both parties. Without removal, the lessor may render unusable any goods employed in
trade or business and may dispose of goods on the lessee's premises (section
41-02.1-75).
3. The lessor may proceed under subsection 2 without judicial process if that can be
done without breach of the peace or the lessor may proceed by action.