Vermont § 524 - § 2A—524.
Full text of Vermont Vermont Statutes Online § 524 — § 2A—524., with citation guidance and answers to common questions.
§ 524. § 2A—524.
- Lessor’s right to identify goods to lease contract (1) After default by the lessee under the lease contract of the type described in section 2A—523(1) or 2A—523(3)(a) of this title or, if agreed, after other default by the lessee, the lessor 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 (§ 2A—527(1)) 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. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 524
What does Vermont Statutes Online § 524 cover?
Section 524 ("§ 2A—524.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 524?
A common citation format is "Vermont Statutes Online § 524" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 524 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.