The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9A : Uniform Commercial Code
Article 002A : Leases
(Cite as: 9A V.S.A. § 2A-512)-
§ 2A—512. Lessee’s duties as to rightfully rejected goods
(1) Except as otherwise provided with respect to goods that threaten to decline in value speedily (§ 2A—511) and subject to any security interest of a lessee (§ 2A—508(5)):
(a) the lessee, after rejection of goods in the lessee’s possession, shall hold them with reasonable care at the lessor’s or the supplier’s disposition for a reasonable time after the lessee’s seasonable notification of rejection;
(b) if the lessor or the supplier gives no instructions within a reasonable time after notification of rejection, the lessee may store the rejected goods for the lessor’s or the supplier’s account or ship them to the lessor or the supplier or dispose of them for the lessor’s or the supplier’s account with reimbursement in the manner provided in section 2A—511 of this title; but
(c) the lessee has no further obligations with regard to goods rightfully rejected.
(2) Action by the lessee pursuant to subsection (1) of this section is not acceptance or conversion. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995.)
