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These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

Article 2A

LEASES

Sections

PART 1
GENERAL PROVISIONS
HTMLPDF 62A.2A-101Short title.
HTMLPDF 62A.2A-102Scope.
HTMLPDF 62A.2A-103Definitions and index of definitions.
HTMLPDF 62A.2A-104Leases subject to other law.
HTMLPDF 62A.2A-105Territorial application of article to goods covered by certificate of title.
HTMLPDF 62A.2A-106Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
HTMLPDF 62A.2A-107Waiver or renunciation of claim or right after default.
HTMLPDF 62A.2A-108Unconscionability.
PART 2
FORMATION AND CONSTRUCTION OF LEASE CONTRACT
HTMLPDF 62A.2A-201Statute of frauds.
HTMLPDF 62A.2A-202Final written expression: Parol or extrinsic evidence.
HTMLPDF 62A.2A-203Seals inoperative.
HTMLPDF 62A.2A-204Formation in general.
HTMLPDF 62A.2A-205Firm offers.
HTMLPDF 62A.2A-206Offer and acceptance in formation of lease contract.
HTMLPDF 62A.2A-208Modification, rescission, and waiver.
HTMLPDF 62A.2A-209Lessee under finance lease as beneficiary of supply contract.
HTMLPDF 62A.2A-210Express warranties.
HTMLPDF 62A.2A-211Warranties against interference and against infringement; lessee's obligation against infringement.
HTMLPDF 62A.2A-212Implied warranty of merchantability.
HTMLPDF 62A.2A-213Implied warranty of fitness for particular purpose.
HTMLPDF 62A.2A-214Exclusion or modification of warranties.
HTMLPDF 62A.2A-215Cumulation and conflict of warranties express or implied.
HTMLPDF 62A.2A-216Third party beneficiaries of express and implied warranties.
HTMLPDF 62A.2A-217Identification.
HTMLPDF 62A.2A-218Insurance and proceeds.
HTMLPDF 62A.2A-219Risk of loss.
HTMLPDF 62A.2A-220Effect of default on risk of loss.
HTMLPDF 62A.2A-221Casualty to identified goods.
PART 3
EFFECT OF LEASE CONTRACT
HTMLPDF 62A.2A-301Enforceability of lease contract.
HTMLPDF 62A.2A-302Title to and possession of goods.
HTMLPDF 62A.2A-303Alienability of party's interest under lease contract or of lessor's residual interest in goods; delegation of performance; transfer of rights.
HTMLPDF 62A.2A-304Subsequent lease of goods by lessor.
HTMLPDF 62A.2A-305Sale or sublease of goods by lessee.
HTMLPDF 62A.2A-306Priority of certain liens arising by operation of law.
HTMLPDF 62A.2A-307Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.
HTMLPDF 62A.2A-308Special rights of creditors.
HTMLPDF 62A.2A-309Lessor's and lessee's rights when goods become fixtures.
HTMLPDF 62A.2A-310Lessor's and lessee's rights when goods become accessions.
HTMLPDF 62A.2A-311Priority subject to subordination.
PART 4
PERFORMANCE OF LEASE CONTRACT:
REPUDIATED, SUBSTITUTED, AND EXCUSED
HTMLPDF 62A.2A-401Insecurity: Adequate assurance of performance.
HTMLPDF 62A.2A-402Anticipatory repudiation.
HTMLPDF 62A.2A-403Retraction of anticipatory repudiation.
HTMLPDF 62A.2A-404Substituted performance.
HTMLPDF 62A.2A-405Excused performance.
HTMLPDF 62A.2A-406Procedure on excused performance.
HTMLPDF 62A.2A-407Irrevocable promises: Finance leases.
PART 5
A. DEFAULT IN GENERAL
HTMLPDF 62A.2A-501Default: Procedure.
HTMLPDF 62A.2A-502Notice after default.
HTMLPDF 62A.2A-503Modification or impairment of rights and remedies.
HTMLPDF 62A.2A-504Liquidation of damages.
HTMLPDF 62A.2A-505Cancellation and termination and effect of cancellation, termination, rescission, or fraud on rights and remedies.
HTMLPDF 62A.2A-506Statute of limitations.
HTMLPDF 62A.2A-507Proof of market rent: Time and place.
B. DEFAULT BY LESSOR
HTMLPDF 62A.2A-508Lessee's remedies.
HTMLPDF 62A.2A-509Lessee's rights on improper delivery; rightful rejection.
HTMLPDF 62A.2A-510Installment lease contracts: Rejection and default.
HTMLPDF 62A.2A-511Merchant lessee's duties as to rightfully rejected goods.
HTMLPDF 62A.2A-512Lessee's duties as to rightfully rejected goods.
HTMLPDF 62A.2A-513Cure by lessor of improper tender or delivery; replacement.
HTMLPDF 62A.2A-514Waiver of lessee's objections.
HTMLPDF 62A.2A-515Acceptance of goods.
HTMLPDF 62A.2A-516Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over.
HTMLPDF 62A.2A-517Revocation of acceptance of goods.
HTMLPDF 62A.2A-518Cover; substitute goods.
HTMLPDF 62A.2A-519Lessee's damages for nondelivery, repudiation, default, and breach of warranty in regard to accepted goods.
HTMLPDF 62A.2A-520Lessee's incidental and consequential damages.
HTMLPDF 62A.2A-521Lessee's right to specific performance or replevin.
HTMLPDF 62A.2A-522Lessee's right to goods on lessor's insolvency.
C. DEFAULT BY LESSEE
HTMLPDF 62A.2A-523Lessor's remedies.
HTMLPDF 62A.2A-524Lessor's right to identify goods to lease contract.
HTMLPDF 62A.2A-525Lessor's right to possession of goods.
HTMLPDF 62A.2A-526Lessor's stoppage of delivery in transit or otherwise.
HTMLPDF 62A.2A-527Lessor's rights to dispose of goods.
HTMLPDF 62A.2A-528Lessor's damages for nonacceptance, failure to pay, repudiation, or other default.
HTMLPDF 62A.2A-529Lessor's action for the rent.
HTMLPDF 62A.2A-530Lessor's incidental damages.
HTMLPDF 62A.2A-531Standing to sue third parties for injury to goods.
HTMLPDF 62A.2A-532Lessor's rights to residual interest.
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