Section 400.2A-101 – Short title.
Effective – 28 Aug 1992 400.2A-101. Short title. — This Article shall be known and may be cited as the “Uniform Commercial Code – Leases”. ——– (L. 1992 S.B. 448)
Section 400.2A-102 – Scope.
Effective – 28 Aug 1992 400.2A-102. Scope. — This Article applies to any transaction, regardless of form, that creates a lease. ——– (L. 1992 S.B. 448)
Section 400.2A-103 – Definitions and index of definitions.
Effective – 28 Aug 2014, 2 histories 400.2A-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 to him or her is in violation of the ownership rights or […]
Section 400.2A-104 – Leases subject to other law.
Effective – 28 Aug 1992 400.2A-104. Leases subject to other law. — (1) A lease, although subject to this Article, is also subject to any applicable: (a) certificate of title statute of this state; (b) certificate of title statute of another jurisdiction (Section 400.2A-105); or (c) consumer protection statute of this state, or final consumer […]
Section 400.2A-105 – Territorial application of article to goods covered by certificate of title.
Effective – 28 Aug 1992 400.2A-105. Territorial application of article to goods covered by certificate of title. — Subject to the provisions of sections 400.2A-304(3) and 400.2A-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 […]
Section 400.2A-106 – Limitation on power of parties to consumer lease to choose applicable law and judicial forum.
Effective – 28 Aug 1992 400.2A-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 resides at the time the lease agreement becomes […]
Section 400.2A-107 – Waiver or renunciation of claim or right after death.
Effective – 28 Aug 1992 400.2A-107. Waiver or renunciation of claim or right after death. — 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. ——– (L. […]
Section 400.2A-108 – Unconscionability.
Effective – 28 Aug 1992 400.2A-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 […]
Section 400.2A-109 – Option to accelerate at will.
Effective – 28 Aug 1992 400.2A-109. Option to accelerate at will. — A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he deems himself insecure” or in words of similar import must be construed to mean that he […]