2025 Session
Last amended: 1989 session
§ 336.2A-302 — Title to and Possession of Goods
Plain-Language Summary
A lessor's creditors generally cannot reach goods that have been identified to a lease and are in the lessee's possession.
336.2A-302 TITLE TO AND POSSESSION OF GOODS.
Except as otherwise provided in this article, each provision of this article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
History:
1989 c 232 art 1 s 2A-302
History: History: 1989 c 232 art 1 s 2A-302
Practical Notes
If you are leasing goods and have them in your possession, the lessor’s creditors generally cannot seize them from you.