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Is it legal for a leasing company to disable leased equipment in Texas?

In: Business & Finance, Law & Legal Issues [Edit categories]

Answer:

If the leasing company owns the equipment AND they are not being paid per the provisions of the lease they can legally take possession (re-possess) their assets. Disabling it could be a viable alternative to physically re-possessing it.

First answer by Bob811. Last edit by Bob811. Contributor trust: 1149 [recommend contributor ]. Question popularity: 1 [recommend question].

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