                                 CODE OF VIRGINIA

STANDING TO SUE THIRD PARTIES FOR INJURY TO GOODS (§ 8.2A-531)

1. If a third party so deals with goods that have been identified to a lease
contract as to cause actionable injury to a party to the lease contract (a) the
lessor has a right of action against the third party, and (b) the lessee also
has a right of action against the third party if the lessee:

   i. Has a security interest in the goods;

      ii. Has an insurable interest in the goods; or

      iii. Bears the risk of loss under the lease contract or has since the injury
      assumed that risk as against the lessor and the goods have been converted or
      destroyed.

2. If at the time of the injury the party plaintiff did not bear the risk of
loss as against the other party to the lease contract and there is no
arrangement between them for disposition of the recovery, his suit or
settlement, subject to his own interest, is as a fiduciary for the other party
to the lease contract.

3. Either party with the consent of the other may sue for the benefit of whom it
may concern.

HISTORY: 1991, c. 536.