(2A-524) Lessor's right to identify goods to lease contract
N.D. Cent. Code § 41-02.1-72
in effect41-02.1-72. (2A-524) Lessor's right to identify goods to lease contract
1. A lessor aggrieved under subsection 1 of section 41-02.1-70 may:
a. Identify to the lease contract conforming goods not already identified if at the time
the lessor learned of the default they were in the lessor's or the supplier's
possession or control; and
b. Dispose of goods (subsection 1 of section 41-02.1-74) that demonstrably have
been intended for the particular lease contract even though those goods are
unfinished.
2. If the goods are unfinished, in the exercise of reasonable commercial judgment for the
purposes of avoiding loss and of effective realization, an aggrieved lessor or the
supplier may either complete manufacture and wholly identify the goods to the lease
contract or cease manufacture and lease, sell, or otherwise dispose of the goods for
scrap or salvage value or proceed in any other reasonable manner.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c02-1.pdf#nameddest=41-02p1-72Fetched: 10/16/2026