There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 2A Leases
355.2A.220 Effect of default on risk of loss.
Download pdfcase of a finance lease, the supplier, until cure or acceptance. (b) If the lessee rightfully revokes acceptance, he, to the extent of any deficiency in his effective insurance coverage, may treat the risk of loss as having
remained with the lessor from the beginning. (2) Whether or not risk of loss is to pass to the lessee, if the lessee as to conforming goods already identified to a lease contract repudiates or is otherwise in default
under the lease contract, the lessor, or, in the case of a finance lease, the supplier, to
the extent of any deficiency in his effective insurance coverage may treat the risk of
loss as resting on the lessee for a commercially reasonable time. Effective: January 1, 1991
History: Created 1990 Ky. Acts ch. 363, sec. 29, effective January 1, 1991.
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