Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 2-A-522 — Lessee's Right to Goods on Lessor's Insolvency
N.Y. U.C.C. Law § 2-A-522
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
Section 2-A-522. Lessee's Right to Goods on Lessor's Insolvency.
Citator
N.Y. U.C.C. Law § 2-A-522 — Lessee's Right to Goods on Lessor's Insolvency is in force in the current edition of the Code, and nothing recorded condemns it.
Section 2-A-522. Lessee's Right to Goods on Lessor's Insolvency.
(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 2-A-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.