2010 Wisconsin Code
Chapter 411. Uniform commercial code--leases.
411.522 Lessee's right to goods on lessor's insolvency.

411.522

411.522 Lessee's right to goods on lessor's insolvency.

411.522(1)

(1) Subject to sub. (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 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 10 days after receipt of the first installment of rent and security.

411.522(2)

(2) A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.

411.522 - ANNOT.

History: 1991 a. 148.