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Missouri Laws 400.2A-522 - Lessee's right to goods on lessor's insolvency

Missouri Laws > Title XXVI > Chapter 400 > § 400.2A-522 - Lessee's right to goods on lessor's insolvency


Current as of: 2009

400.2A-522. (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 (Section 400.2A-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.

(L. 1992 S.B. 448)

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Questions & Answers: Uniform Commercial Code

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Missouri Laws > Title XXVI > Chapter 400 - Uniform Commercial Code
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