Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.2A-524

Section 400.2A-525.1

400.2A-526→

August 28, 2015

Lessor's right to possession of goods.

400.2A-525. (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 400.2A-523(1) or 400.2A-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

400.2A-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.



(L. 1992 S.B. 448)







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