400.2A-525. Lessor's right to possession of goods. - Missouri Statutes

Lessor's right to possession of goods.

400.2A-525. (1) If a lessor discovers the lessee to beinsolvent, the lessor may refuse to deliver the goods.

(2) After a default by the lessee under the lease contractof the type described in section 400.2A-523(1) or400.2A-523(3)(a) or, if agreed, after other default by thelessee, the lessor has the right to take possession of the goods.If the lease contract so provides, the lessor may require thelessee to assemble the goods and make them available to thelessor at a place to be designated by the lessor which isreasonably convenient to both parties. Without removal, thelessor may render unusable any goods employed in trade orbusiness, and may dispose of goods on the lessee's premises(Section 400.2A-527).

(3) The lessor may proceed under subsection (2) withoutjudicial process if it can be done without breach of the peace orthe lessor may proceed by action.

(L. 1992 S.B. 448)