(1) Subject to subsection (2) 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 (Code Section 11-2A-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.
(2) A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.
Section: Previous 11-2a-509 11-2a-510 11-2a-511 11-2a-512 11-2a-513 11-2a-514 11-2a-515 11-2a-516 11-2a-517 11-2a-518 11-2a-519 11-2a-520 11-2a-521 11-2a-522Last modified: October 14, 2016