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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2A-524: Lessor's right to identify goods to lease contract

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Where this section sits in the code
  1. OK Code
  2. Title 12A

LESSOR'S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT

(1) After default by the lessee under the lease contract of the

type described in either subsection (1) of Section 2A-523 of this

title or paragraph (a) of subsection (3) of Section 2A-523 of this

title, or, if agreed, after other default by the lessee, the lessor

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 2A-527 of

this title) 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 2026-09-14T18:32:36Z. Source file · JSON

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