| Lessee's Right to Goods on Lessor's Insolvency - Ucc 2a-522.

Checkout our iOS App for a better way to browser and research.

Effective: November 6, 1992

Latest Legislation: House Bill 693 - 119th General Assembly

(A) Subject to division (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 as provided in section 1310.24 of the Revised Code, 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.


Download our app to see the most-to-date content.