554.13512 Lessee’s duties as to rightfully rejected goods. 1. Except as otherwise provided with respect to goods that threaten to decline in value speedily (section 554.13511) and subject to any security interest of a lessee (section554.13508, subsection 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 thelessee’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 thesupplier’s account or ship them to the lessor or the supplier or dispose of them for thelessor’s or the supplier’s account with reimbursement in the manner provided in section554.13511; but c. the lessee has no further obligations with regard to goods rightfully rejected.2. Action by the lessee pursuant to subsection 1 is not acceptance or conversion.94 Acts, ch 1052, §64Referred to in §554.13511 Sat Dec 23 11:03:32 2023 Iowa Code 2024, Section 554.13512 (24, 0)
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