South Dakota § 57A-2A-524 Lessor's right to identify goods to lease contract.

South Dakota Statutes

§ 57A-2A-524 — Lessor's right to identify goods to lease contract.

South Dakota § 57A-2A-524

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57ALEASES

This text of South Dakota § 57A-2A-524 (Lessor's right to identify goods to lease contract.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-2A-524 (2026).

Text

(1)A lessor aggrieved under § 57A-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 (§ 57A-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 reas

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

(1) A lessor aggrieved under § 57A-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 (§ 57A-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.