{"data":{"id":"us-mi/mich.-comp.-laws-440.2974","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.2974","heading":"Additional rights of lessor aggrieved under MCL 440.2973(1).","body":"Sec. 2A524.\n\nA lessor aggrieved under section 2A523(1) may do any of the following:\n\nIdentify 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.\n\nDispose of goods (section 2A527(1)) that demonstrably have been intended for the particular lease contract even though those goods are unfinished.\n\nIf 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.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-2974","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"c03e79b49d45bbecee1eeaffd430e7fa730ad2a32b757aaff84192c91f627090","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.2973","next":"us-mi/mich.-comp.-laws-440.2975"},"notice":"GroundRules: Original legal text. Not legal advice."}