2025 Session
Last amended: 1989 session
§ 336.2A-301 — Enforceability of Lease Contract
Plain-Language Summary
A lease is enforceable between the parties and against purchasers of the goods and creditors, subject to other UCC provisions.
336.2A-301 ENFORCEABILITY OF LEASE CONTRACT.
Except as otherwise provided in this article, a lease contract is effective and enforceable according to its terms between the parties, against purchasers of the goods and against creditors of the parties.
History:
1989 c 232 art 1 s 2A-301
History: History: 1989 c 232 art 1 s 2A-301
Practical Notes
A lease agreement is binding on the parties and can be enforced against third parties who buy the goods or creditors of the lessor.