California Commercial Code

§ 10531

COM § 10531 Effective Jul 15, 1991Div. 10 · Ch. 5 · Art. 3

Statute text

(a)If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract (1) the lessor has a right of action against the third party, and (2) the lessee also has a right of action against the third party if the lessee:

(A)Has a security interest in the goods;

(B)Has an insurable interest in the goods; or

…

Legislative history

Amended by Stats. 1991, Ch. 111, Sec. 68. Effective July 15, 1991.