There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 2A Leases
355.2A.524 Lessor's right to identify goods to lease contract.
Download pdfpossession or control; and (b) Dispose of goods (subsection (1) of KRS 355.2A-527) that demonstrably have been intended for the particular lease contract even though those goods are
unfinished. (2) If 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. Effective: January 1, 1991
History: Created 1990 Ky. Acts ch. 363, sec. 71, effective January 1, 1991.
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