47-2A522. Lessee's right to goods on lessor's insolvency
A. Subject to subsection 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 (section 47-2A217) 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 ten 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 47-2a515 47-2a516 47-2a517 47-2a518 47-2a519 47-2a520 47-2a521 47-2a522 47-2a523 47-2a524 47-2a525 47-2a526 47-2a527 47-2a528 47-2a529 NextLast modified: October 13, 2016