<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-2A-523 - Lessor's rights. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2073351Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2073351SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2073351CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2073351Normal-000000 { margin-left: 3.00in; text-indent: -2.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } 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0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2073351Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-523"><span class="s2073351SENU">57A-2A-523</span></a><span xml:space="preserve" class="s2073351SENU">. </span><span class="s2073351CL">Lessor's rights.</span></p><p dir="ltr" class="s2073351Normal-000000"><span xml:space="preserve" class="s2073351DefaultParagraphFont">(1)    If a lessee wrongfully rejects or revokes acceptance of goods or fails to make a payment when due or repudiates with respect to a part or the whole, then, with respect to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-510"><span class="s2073351DefaultParagraphFont">57A-2A-510</span></a><span class="s2073351DefaultParagraphFont">), the lessee is in default under the lease contract and the lessor may:</span></p><p dir="ltr" class="s2073351Normal-000001"><span class="s2073351DefaultParagraphFont">(a)    Cancel the lease contract (§ 57A-2A-505(1));</span></p><p dir="ltr" class="s2073351Normal-000001"><span xml:space="preserve" class="s2073351DefaultParagraphFont">(b)    Proceed respecting goods not identified to the lease contract (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-524"><span class="s2073351DefaultParagraphFont">57A-2A-524</span></a><span class="s2073351DefaultParagraphFont">);</span></p><p dir="ltr" class="s2073351Normal-000001"><span xml:space="preserve" class="s2073351DefaultParagraphFont">(c)    Withhold delivery of the goods and take possession of goods previously delivered (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-525"><span class="s2073351DefaultParagraphFont">57A-2A-525</span></a><span class="s2073351DefaultParagraphFont">);</span></p><p dir="ltr" class="s2073351Normal-000001"><span xml:space="preserve" class="s2073351DefaultParagraphFont">(d)    Stop delivery of the goods by any bailee (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-526"><span class="s2073351DefaultParagraphFont">57A-2A-526</span></a><span class="s2073351DefaultParagraphFont">);</span></p><p dir="ltr" class="s2073351Normal-000001"><span xml:space="preserve" class="s2073351DefaultParagraphFont">(e)    Dispose of the goods and recover damages (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-527"><span class="s2073351DefaultParagraphFont">57A-2A-527</span></a><span xml:space="preserve" class="s2073351DefaultParagraphFont">), or retain the goods and recover damages (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-528"><span class="s2073351DefaultParagraphFont">57A-2A-528</span></a><span xml:space="preserve" class="s2073351DefaultParagraphFont">), or in a proper case recover rent (§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=57A-2A-529"><span class="s2073351DefaultParagraphFont">57A-2A-529</span></a><span class="s2073351DefaultParagraphFont">).</span></p><p dir="ltr" class="s2073351Normal-000002"><span class="s2073351DefaultParagraphFont">(2)    If a lessee is otherwise in default under a lease contract, the lessor may exercise any right or remedy provided in this chapter except to the extent that this chapter makes the right or remedy available only upon the occurrence of a default in subsection (1) of this section.</span></p><p dir="ltr" class="s2073351Normal"><span xml:space="preserve" class="s2073351000003"> </span></p><p dir="ltr" class="s2073351Normal"><span class="s2073351SCL">Source:</span><span xml:space="preserve" class="s2073351SCL-000004"> SL 1989, ch 419, § 1; SL 1990, ch 390, § 22.</span></p></div></body></html>