California Commercial Code

§ 10501

COM § 10501 Effective Jan 1, 2007Div. 10 · Ch. 5 · Art. 1

Statute text

(a)Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this division.

(b)If the lessor or the lessee is in default under the lease contract, the party seeking enforcement has rights and remedies as provided in this division and, except as limited by this division, as provided in the lease agreement.

(c)If the lessor or the lessee is in default under the lease contract, the party seeking enforcement may reduce the party’s claim to judgment, or otherwise enforce the lease contract by self-help or any available judicial procedure or nonjudicial procedure, including administrative proceeding, arbitration, or the like, in accordance with this division.

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Legislative history

Amended by Stats. 2006, Ch. 254, Sec. 66. Effective January 1, 2007.