EX-5.1 3 v94156exv5w1.htm EXHIBIT 5.1 Electro Rent Corporation
 

    EXHIBIT 5.1
(GUTH CHRISTOPHER LOGO)    
    10866 Wilshire Boulevard
Suite 1250
Los Angeles, California 90024
Telephone: (310) 474-8809
FAX: (310) 470-8354

October 31, 2003

Electro Rent Corporation
6060 Sepulveda Boulevard
Van Nuys, California 91411

     
Re:   2002 Stock Option Plan and Registration Statement on Form S-8

Ladies and Gentlemen:

     We have acted as counsel to Electro Rent Corporation, a California corporation (the “Company”), in connection with its Registration Statement on Form S-8 (the “Registration Statement”) filed with the Securities and Exchange Commission with respect to the registration of 1,500,000 shares of the Company’s common stock, without par value, issuable upon exercise of options granted under the Company’s 2002 Stock Option Plan, (shares issuable upon exercise of such options are hereinafter collectively called the “Option Shares”).

     As such counsel, we have examined such records, documents, certificates and other instruments as in our judgment are necessary or appropriate in order to enable us to render this opinion. Based on the foregoing and our examination of such questions of law as we deem necessary, we are of the opinion that the Option Shares, when sold and issued in accordance with (i) the 2002 Stock Option Plan, and (ii) the Registration Statement, will be validly issued, fully paid and non-assessable.

     We consent to the use of this opinion as an exhibit to the Registration Statement. Except as set forth in this paragraph, this opinion is furnished solely for your benefit and may not be relied upon by, nor copies delivered to, any other person or entity without our prior written consent.

  Sincerely,

  /s/ GUTH | CHRISTOPHER LLP

  Guth | Christopher LLP

10866 Wilshire Boulevard Suite 1250 Los Angeles CA 90024 Telephone 310.474.8809 Facsimile 310.470.8354 www.guthchris.com

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