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New York · Through 2026-09-11

N.Y. Uniform Commercial Code Law § 2-a-525: Lessor's Right to Possession of Goods

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Where this section sits in the code
  1. Uniform Commercial Code Law
  2. Article 2-A. Leases
  3. Part 5. Default a In General B Default By Lessor C Default By Lessee

Section 2-A-525. Lessor's Right to Possession of Goods.

(1) If a lessor discovers the lessee to be insolvent, the lessor may

refuse to deliver the goods.

(2) After a default by the lessee under the lease contract of the type

described in Section 2-A-523(1) or 2-A-523(3)(a) or, if agreed, after

other default by the lessee, the lessor has 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 2-A-527).

(3) The lessor may proceed under subsection (2) without judicial

process if it can be done without breach of the peace or the lessor may

proceed by action.

Collected 2026-09-14T19:32:45Z. Source file · JSON

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