30-2A-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 30-2A-523(1) or (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 that 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 (30-2A-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.
History: En. Sec. 79, Ch. 410, L. 1991.
Structure Montana Code Annotated
Chapter 2A. Uniform Commercial Code Leases
30-2A-501. Default -- procedure
30-2A-502. Notice after default
30-2A-503. Modification or impairment of rights and remedies
30-2A-504. Liquidation of damages
30-2A-506. Statute of limitations
30-2A-507. Proof of market rent -- time and place
30-2A-509. Lessee's rights on improper delivery -- rightful rejection
30-2A-510. Installment lease contracts -- rejection and default
30-2A-511. Merchant lessee's duties as to rightfully rejected goods
30-2A-512. Lessee's duties as to rightfully rejected goods
30-2A-513. Cure by lessor of improper tender or delivery -- replacement
30-2A-514. Waiver of lessee's objections
30-2A-515. Acceptance of goods
30-2A-517. Revocation of acceptance of goods
30-2A-518. Cover -- substitute goods
30-2A-520. Lessee's incidental and consequential damages
30-2A-521. Lessee's right to specific performance or replevin
30-2A-522. Lessee's right to goods on lessor's insolvency
30-2A-524. Lessor's right to identify goods to lease contract
30-2A-525. Lessor's right to possession of goods
30-2A-526. Lessor's stoppage of delivery in transit or otherwise
30-2A-527. Lessor's rights to dispose of goods
30-2A-528. Lessor's damages for nonacceptance, failure to pay, repudiation, or other default
30-2A-529. Lessor's action for rent
30-2A-530. Lessor's incidental damages
30-2A-531. Standing to sue third parties for injury to goods