KRS 355.2A-524: Lessor's right to identify goods to lease contract.
Where this section sits in the code
(1) A lessor aggrieved under subsection (1) of KRS 355.2A-523 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 KRS 355.2A-527) 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.
Collected 2026-09-05T20:58:43Z. Source file · JSON