2013 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-2A522 Lessee's right to goods on lessor's insolvency
47-2A522. Lessee's right to goods on lessor's insolvency
A. Subject to subsection 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 (section 47-2A217) 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. A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
