§ 2A522 — Lessee's right to goods on lessor's insolvency

(a) General rule.--Subject to subsection (b) 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 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) Goods to conform to contract.--A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.

Legislative History

Cross References.Section 2A522 is referred to in section 2A508 of this title.