Indiana § 26-1-2.1-522 Lessee's right to goods on lessor's insolvency

Indiana Statutes

§ 26-1-2.1-522 — Lessee's right to goods on lessor's insolvency

Indiana § 26-1-2.1-522

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2.1Leases

This text of Indiana § 26-1-2.1-522 (Lessee's right to goods on lessor's insolvency) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-2.1-522 (2026).

Text

(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 (IC 26-1-2.1-217) 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 ten (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.

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(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 (IC 26-1-2.1-217) 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 ten (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.