(a) Subject to (b) of this section and even though the goods have not been shipped, a lessee who has paid a part or all of the rent and security for goods identified to a lease contract under AS 45.12.217 on making and keeping good a tender of any unpaid portion of the rent and security due under the lease contract may recover the goods identified from the lessor if the lessor becomes insolvent within 10 days after receipt of the first installment of rent and security.
(b) A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.
Section: Previous 45.12.515 45.12.516 45.12.517 45.12.518 45.12.519 45.12.520 45.12.521 45.12.522 45.12.523 45.12.524 45.12.525 45.12.526 45.12.527 45.12.528 45.12.529 NextLast modified: November 15, 2016