{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.2A-524.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.2A-524.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.2A-524.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.2A-524.html"}],"law_id":57869,"edition_id":1,"section_id":57869,"structure_id":15201,"section_number":"8.2A-524","catch_line":"Lessor’s right to identify goods to lease contract","history":"1991, c. 536.","full_text":"1\n\nA lessor aggrieved under subsection (1) of \u00a7 8.2A-523 may:a\n\nIdentify 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; andb\n\nDispose of goods (subsection (1) of § 8.2A-527) that demonstrably have been intended for the particular lease contract even though those goods are unfinished.2\n\nIf 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.","order_by":null,"text":{"0":{"id":212002,"text":"A lessor aggrieved under subsection (1) of \u00a7 8.2A-523 may:","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"next_prefix":"1a"},"1":{"id":212003,"text":"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","type":"section","prefixes":["1","a"],"prefix":"a","entire_prefix":"1a","prefix_anchor":"1a","level":2,"prior_prefix":"1","next_prefix":"1b"},"2":{"id":212004,"text":"Dispose of goods (subsection (1) of § 8.2A-527) that demonstrably have been intended for the particular lease contract even though those goods are unfinished.","type":"section","prefixes":["1","b"],"prefix":"b","entire_prefix":"1b","prefix_anchor":"1b","level":2,"prior_prefix":"1a","next_prefix":"2"},"3":{"id":212005,"text":"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.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1b"}},"ancestry":[{"id":15201,"edition_id":1,"name":"Default by Lessee","identifier":"C","label":"article","depth":3,"order_by":1,"parent_id":13913,"metadata":{},"date_created":"2026-06-26 03:52:55","date_modified":"2026-06-26 03:52:55","permalink":{"id":282663,"object_type":"structure","relational_id":15201,"identifier":"C","token":"8.2A\/5\/C","url":"\/8.2A\/5\/C\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13913,"edition_id":1,"name":"Default","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":12736,"metadata":{},"date_created":"2026-06-26 03:46:17","date_modified":"2026-06-26 03:46:17","permalink":{"id":282569,"object_type":"structure","relational_id":13913,"identifier":"5","token":"8.2A\/5","url":"\/8.2A\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12736,"edition_id":1,"name":"Commercial Code \u2014 Leases","identifier":"8.2A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":282367,"object_type":"structure","relational_id":12736,"identifier":"8.2A","token":"8.2A","url":"\/8.2A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58736,"structure_id":15201,"section_number":"8.2A-523","catch_line":"Lessor's remedies","url":"\/8.2A-523\/","token":"8.2A\/5\/C\/8.2A-523","metadata":false},{"id":57869,"structure_id":15201,"section_number":"8.2A-524","catch_line":"Lessor's right to identify goods to lease contract","url":"\/8.2A-524\/","token":"8.2A\/5\/C\/8.2A-524","metadata":false},{"id":72857,"structure_id":15201,"section_number":"8.2A-525","catch_line":"Lessor's right to possession of goods","url":"\/8.2A-525\/","token":"8.2A\/5\/C\/8.2A-525","metadata":false},{"id":83435,"structure_id":15201,"section_number":"8.2A-526","catch_line":"Lessor's stoppage of delivery in transit or otherwise","url":"\/8.2A-526\/","token":"8.2A\/5\/C\/8.2A-526","metadata":false},{"id":73411,"structure_id":15201,"section_number":"8.2A-527","catch_line":"Lessor's rights to dispose of goods","url":"\/8.2A-527\/","token":"8.2A\/5\/C\/8.2A-527","metadata":false},{"id":69309,"structure_id":15201,"section_number":"8.2A-528","catch_line":"Lessor's damages for nonacceptance or repudiation","url":"\/8.2A-528\/","token":"8.2A\/5\/C\/8.2A-528","metadata":false},{"id":80116,"structure_id":15201,"section_number":"8.2A-529","catch_line":"Lessor's action for the rent","url":"\/8.2A-529\/","token":"8.2A\/5\/C\/8.2A-529","metadata":false},{"id":83625,"structure_id":15201,"section_number":"8.2A-530","catch_line":"Lessor's incidental damages","url":"\/8.2A-530\/","token":"8.2A\/5\/C\/8.2A-530","metadata":false},{"id":70690,"structure_id":15201,"section_number":"8.2A-531","catch_line":"Standing to sue third parties for injury to goods","url":"\/8.2A-531\/","token":"8.2A\/5\/C\/8.2A-531","metadata":false},{"id":77975,"structure_id":15201,"section_number":"8.2A-532","catch_line":"Lessor's rights to residual interest","url":"\/8.2A-532\/","token":"8.2A\/5\/C\/8.2A-532","metadata":false}],"previous_section":{"id":58736,"structure_id":15201,"section_number":"8.2A-523","catch_line":"Lessor's remedies","url":"\/8.2A-523\/","token":"8.2A\/5\/C\/8.2A-523","metadata":false},"next_section":{"id":72857,"structure_id":15201,"section_number":"8.2A-525","catch_line":"Lessor's right to possession of goods","url":"\/8.2A-525\/","token":"8.2A\/5\/C\/8.2A-525","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2A-524\/","history_text":"

This law was first created in 1991. The record of its establishment is cataloged in chapter 536 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":76228,"section_number":"8.2A-402","catch_line":"Anticipatory repudiation","order_by":null,"url":"\/8.2A-402\/"},{"id":58736,"section_number":"8.2A-523","catch_line":"Lessor's remedies","order_by":null,"url":"\/8.2A-523\/"}],"refers_to":[{"id":58736,"section_number":"8.2A-523","catch_line":"Lessor's remedies","order_by":null,"url":"\/8.2A-523\/"},{"id":73411,"section_number":"8.2A-527","catch_line":"Lessor's rights to dispose of goods","order_by":null,"url":"\/8.2A-527\/"}],"permalink":{"id":282669,"object_type":"law","relational_id":57869,"identifier":"8.2A-524","token":"8.2A\/5\/C\/8.2A-524","url":"\/8.2A-524\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.2A-524\/","token":"8.2A\/5\/C\/8.2A-524","dublin_core":{"Title":"Lessor’s right to identify goods to lease contract","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2A-524","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

1.<\/span> A lessor aggrieved under subsection (1) of \u00a7 8.2A-523<\/a> may: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

a.<\/span> Identify to the lease contract<\/span> conforming goods not already identified if at the time the lessor learned of the default<\/span> they were in the lessor’s or the supplier’s possession<\/span> or control; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Dispose of goods (subsection (1) of § 8.2A-527<\/a>) that demonstrably have been intended for the particular lease contract<\/span> even though those goods are unfinished. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> If the goods are unfinished, in the exercise of reasonable commercial judgment<\/span> 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<\/span> or cease manufacture and lease, sell, or otherwise dispose of the goods for scrap or salvage value or proceed in any other reasonable manner. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLESSOR’S RIGHT TO IDENTIFY GOODS TO LEASE CONTRACT (\u00a7 8.2A-524)\n\n1. A lessor aggrieved under subsection (1) of \u00a7 8.2A-523 may:\n\n a. Identify to the lease contract conforming goods not already identified if\n at the time the lessor learned of the default they were in the lessor’s\n or the supplier’s possession or control; and\n\n b. Dispose of goods (subsection (1) of § 8.2A-527) that demonstrably have\n been intended for the particular lease contract even though those goods are\n unfinished.\n\n2. If the goods are unfinished, in the exercise of reasonable commercial\njudgment for the purposes of avoiding loss and of effective realization, an\naggrieved lessor or the supplier may either complete manufacture and wholly\nidentify the goods to the lease contract or cease manufacture and lease, sell,\nor otherwise dispose of the goods for scrap or salvage value or proceed in any\nother reasonable manner.\n\nHISTORY: 1991, c. 536.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}