There is a newer version of the Connecticut General Statutes
2005 Connecticut Code - Sec. 42a-2-702. Seller\'s remedies on discovery of buyer\'s insolvency.
Sec. 42a-2-702. Seller's remedies on discovery of buyer's insolvency. (1) Where
the seller discovers the buyer to be insolvent he may refuse delivery except for cash
including payment for all goods theretofore delivered under the contract, and stop delivery under section 42a-2-705.
(3) The seller's right to reclaim under subsection (2) is subject to the rights of a buyer in ordinary course or other good faith purchaser under section 42a-2-403. Successful reclamation of goods excludes all other remedies with respect to them.
(1959, P.A. 133, S. 2-702; February, 1965, P.A. 377, S. 3.)
History: 1965 act removed reference to rights of "lien creditor under section 42a-2-403" in Subsec. (3).
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