California Commercial Code

§ 10526

COM § 10526 Effective Jan 1, 2007Div. 10 · Ch. 5 · Art. 3

Statute text

(a)A lessor may stop delivery of goods in the possession of a carrier or other bailee if the lessor discovers the lessee to be insolvent and may stop delivery of carload, truckload, planeload, or larger shipments of express or freight if the lessee repudiates or fails to make a payment due before delivery, whether for rent, security, or otherwise under the lease contract, or for any other reason the lessor has a right to withhold or take possession of the goods.

(b)In pursuing its remedies under subdivision (a), the lessor may stop delivery until:

(1)Receipt of the goods by the lessee;

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Legislative history

Amended by Stats. 2006, Ch. 254, Sec. 70. Effective January 1, 2007.