                                 CODE OF VIRGINIA

LESSOR&#8217;S RIGHT TO POSSESSION OF GOODS (§ 8.2A-525)

1. If a lessor discovers the lessee to be insolvent, the lessor may refuse to
deliver the goods.

2. After a default by the lessee under the lease contract of the type described
in subsection (1) of &#xA7; 8.2A-523 or subdivision (3) (a) of &#xA7; 8.2A-523
or, if agreed, after other default by the lessee, the lessor has the right to
take possession of the goods. If the lease contract so provides, the lessor may
require the lessee to assemble the goods and make them available to the lessor
at a place to be designated by the lessor which is reasonably convenient to both
parties. Without removal, the lessor may render unusable any goods employed in
trade or business, and may dispose of goods on the lessee&#8217;s premises
(&#xA7; 8.2A-527).

3. The lessor may proceed under subsection (2) of this section without judicial
process if it can be done without breach of the peace or the lessor may proceed
by action.

HISTORY: 1991, c. 536.