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Session Laws, 2004
Volume 801, Page 2928   View pdf image
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H.B. 140

VETOES

property or on secured or unsecured credit and includes [receiving] ACQUIRING
goods or documents of title under a preexisting contract for sale but does not include
a transfer in bulk or as security for or in total or partial satisfaction of a money debt.

(o) "Lessee in ordinary course of business" means a person who in good
faith and without knowledge that the lease to him [(or her)] is in violation of the
ownership rights or security interest or leasehold interest of a third party in the goods
leases in ordinary course from a person in the business of selling or leasing goods of
that kind but does not include a pawnbroker. "Leasing" may be for cash or by
exchange of other property or on secured or unsecured credit and includes [receiving]
ACQUIRING goods or documents of title under a preexisting lease contract but does
not include a transfer in bulk or as security for or in total or partial satisfaction of a
money debt.

2A-514.

(2) A lessee's failure to reserve rights when paying rent or other consideration
against documents precludes recovery of the payment for defects apparent [on the
face of] IN the documents.

2A-526.

(2) In pursuing its remedies under subsection (1), the lessor may stop delivery
until

(a)     Receipt of the goods by the lessee;

(b)     Acknowledgment to the lessee by any bailee of the goods, except a
carrier, that the bailee holds the goods for the lessee; or

(c)      Such an acknowledgment to the lessee by a carrier via reshipment or
as [warehouseman] A WAREHOUSE.

4-104.

(c) [The] "CONTROL" AS PROVIDED IN § 7-106 AND THE following definitions
in other titles apply to this title:

"Acceptance." § 3-409.

"Alteration." § 3-407.

"Cashier's check." § 3-104.

"Certificate of deposit." § 3-104.

"Certified check." § 3-409.

"Check." § 3-104.

"Draft." § 3-104.

"Good faith." § 3-103.

"Holder in due course." § 3-302.

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Session Laws, 2004
Volume 801, Page 2928   View pdf image
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