                                 CODE OF VIRGINIA

LESSEE&#8217;S RIGHT TO GOODS ON LESSOR&#8217;S INSOLVENCY (§ 8.2A-522)

1. Subject to subsection (2) 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 (&#xA7; 8.2A-217) 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.

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

HISTORY: 1991, c. 536.