Section 336.2A-101 — Short Title.
336.2A-101 SHORT TITLE. This article shall be known and may be cited as the Uniform Commercial Code – Leases. History: 1989 c 232 art 1 s 2A-101
Section 336.2A-102 — Scope.
336.2A-102 SCOPE. This article applies to any transaction, regardless of form, that creates a lease. History: 1989 c 232 art 1 s 2A-102
Section 336.2A-103 — Definitions And Index Of Definitions.
336.2A-103 DEFINITIONS AND INDEX OF DEFINITIONS. (1) In this article unless the context otherwise requires: (a) “Buyer in ordinary course of business” means a person who in good faith and without knowledge that the sale is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods, […]
Section 336.2A-104 — Leases Subject To Other Statutes.
336.2A-104 LEASES SUBJECT TO OTHER STATUTES. (1) A lease, although subject to this article, is also subject to any applicable: (a) statute of the United States; (b) certificate of title statute of this state: sections 86B.820 to 86B.920 and chapter 168A; (c) certificate of title statute of another jurisdiction (section 336.2A-105); or (d) consumer protection […]
Section 336.2A-105 — Territorial Application Of Article To Goods Covered By Certificate Of Title.
336.2A-105 TERRITORIAL APPLICATION OF ARTICLE TO GOODS COVERED BY CERTIFICATE OF TITLE. Subject to the provisions of sections 336.2A-304(3) and 336.2A-305(3), with respect to goods covered by a certificate of title issued under a statute of this state or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title […]
Section 336.2A-106 — Limitation On Power Of Parties To Consumer Lease To Choose Applicable Law And Judicial Forum.
336.2A-106 LIMITATION ON POWER OF PARTIES TO CONSUMER LEASE TO CHOOSE APPLICABLE LAW AND JUDICIAL FORUM. (1) If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction in which the lessee signed the lease or in which the lessee resides at the time the lease […]
Section 336.2A-107 — Waiver Or Renunciation Of Claim Or Right After Default.
336.2A-107 WAIVER OR RENUNCIATION OF CLAIM OR RIGHT AFTER DEFAULT. Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party. History: 1989 c 232 art 1 s 2A-107
Section 336.2A-108 — Unconscionability.
336.2A-108 UNCONSCIONABILITY. (1) If the court as a matter of law finds a lease contract or any clause of a lease contract to have been unconscionable at the time it was made, the court may refuse to enforce the lease contract, or it may enforce the remainder of the lease contract without the unconscionable clause, […]
Section 336.2A-109 — Option To Accelerate At Will.
336.2A-109 OPTION TO ACCELERATE AT WILL. A term providing that one party or the party’s successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when the party deems self insecure” or in words of similar import must be construed to mean that the party has power to […]