Texas Business & Commerce Code
§ 2A.523 — LESSOR'S REMEDIES
BC § 2A.523Title 1. UNIFORM COMMERCIAL CODE · Ch. 2A. LEASES · Art. E. DEFAULT
Statute text
View on source(a)If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, and with respect to all of the goods if under an installment lease contract, the value of the whole lease contract is substantially impaired (Section 2A.510), the lessee is in default under the lease contract and the lessor may:
(1)cancel the lease contract (Section 2A.505(a));
(2)proceed respecting goods not identified to the lease contract (Section 2A.524);
(3)withhold delivery of the goods and take possession of goods previously delivered (Section 2A.525);
(4)stop delivery of the goods by any bailee (Section 2A.526);
(5)dispose of the goods and recover damages (Section 2A.527), or retain the goods and recover damages (Section 2A.528), or in a proper case recover rent (Section 2A.529); or
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Legislative history
Added by Acts 1993, 73rd Leg., ch. 570, Sec. 1, eff. Sept. 1, 1993.