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§ 2A-522. Lessee's Right to Goods on Lessor's Insolvency

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 2a. Leases (Refs & Annos)
12A Okl.St.Ann. § 2A-522
§ 2A-522. Lessee's Right to Goods on Lessor's Insolvency
Currentness
(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 (Section 26 of this act)1 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 (10) 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.

Credits

Laws 1988, c. 86, § 69, eff. Nov. 1, 1988.

Footnotes

1
Title 12A, § 2A-217.
12A Okl. St. Ann. § 2A-522, OK ST T. 12A § 2A-522
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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