Virginia § 8.2A-522 Lessee's right to goods on lessor's insolvency

Virginia Statutes

§ 8.2A-522 — Lessee's right to goods on lessor's insolvency

Virginia § 8.2A-522

Title 8.2ACOMMERCIAL CODE — LEASES

Art. BDEFAULT BY LESSOR

Part 5DEFAULT

This text of Virginia § 8.2A-522 (Lessee's right to goods on lessor's insolvency) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.2A-522 (2026).

Text

(1)Subject to subsection (2) 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 (§ 8.2A-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 ten 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) 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 (§ 8.2A-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 ten 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.