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California Commercial Code

§ 10219

COM § 10219 Effective Jul 15, 1991Div. 10 · Ch. 2

Statute text

View on leginfo.ca.gov
(a)Except in the case of a finance lease, risk of loss is retained by the lessor and does not pass to the lessee. In the case of a finance lease, risk of loss passes to the lessee.
(b)Subject to the provisions of this division on the effect of default on risk of loss (Section 10220), if risk of loss is to pass to the lessee and the time of passage is not stated, the following rules apply:
(1)If the lease contract requires or authorizes the goods to be shipped by carrier
…

Legislative history

Amended by Stats. 1991, Ch. 111, Sec. 21. Effective July 15, 1991.

Source: California Commercial Code § 10219 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.