{"data":{"id":"us-nc/n.c.-gen.-stat.-25-2a-524","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-2A-524","heading":"Lessor's right to identify goods to lease contract.","body":"(a)\tAfter default by the lessee under the lease contract of the type described in G.S. 25-2A-523(a) or G.S. 25-2A-523(c)(1) or, if agreed, after other default by the lessee, the lessor may:\n(1)\tidentify 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\n(2)\tdispose of goods (G.S. 25-2A-527(a)) that demonstrably have been intended for the particular lease contract even though those goods are unfinished.\n(b)\tIf 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. (1993, c. 463, s. 1; 2025-25, s. 112.)","path":["Chapter 25. Uniform Commercial Code.","Article 2A. Leases.","Part 5. Default."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-2A-524.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"c7a28baff24c613c768fefb5d8ad4e6fde67579af07ad07d4f0dd02090942679","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-2a-523","next":"us-nc/n.c.-gen.-stat.-25-2a-525"},"notice":"GroundRules: Original legal text. Not legal advice."}