2006 New York Code - Lessee\'s Duties As To Rightfully Rejected Goods.

 
  Section 2-A-512. Lessee's Duties as to Rightfully Rejected Goods.
    (1)  Except  as otherwise provided with respect to goods that threaten
  to decline in value  speedily  (Section  2-A-511)  and  subject  to  any
  security interest of a lessee (Section 2-A-508(5)):
         (a) the   lessee,  after  rejection  of  goods  in  the  lessee's
             possession, shall hold  them  with  reasonable  care  at  the
             lessor's  or the supplier's disposition for a reasonable time
             after the lessee's seasonable notification of rejection;
         (b) if the lessor or the supplier gives no instructions within  a
             reasonable  time  after notification of rejection, the lessee
             may  store  the  rejected  goods  for  the  lessor's  or  the
             supplier's account or ship them to the lessor or the supplier
             or dispose of them for the lessor's or the supplier's account
             with reimbursement in the manner provided in Section 2-A-511;
             but
         (c) the  lessee  has  no further obligations with regard to goods
             rightfully rejected.
    (2) Action by the lessee pursuant to subsection (1) is not  acceptance
  or conversion.