Texas Statutes
Subchapter E. Default
Section 2A.522. Lessee's Right to Goods on Lessor's Insolvency

Sec. 2A.522. LESSEE'S RIGHT TO GOODS ON LESSOR'S INSOLVENCY. (a) Subject to Subsection (b) 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 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 10 days after receipt of the first installment of rent and security.
(b) A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract.
Added by Acts 1993, 73rd Leg., ch. 570, Sec. 1, eff. Sept. 1, 1993.

Structure Texas Statutes

Texas Statutes

Business and Commerce Code

Title 1 - Uniform Commercial Code

Chapter 2A - Leases

Subchapter E. Default

Section 2A.501. Default: Procedure

Section 2A.502. Notice After Default

Section 2A.503. Modification or Impairment of Rights and Remedies

Section 2A.504. Liquidation of Damages

Section 2A.505. Cancellation and Termination and Effect of Cancellation, Termination, Rescission, or Fraud on Rights and Remedies

Section 2A.506. Statute of Limitations

Section 2A.507. Proof of Market Rent

Section 2A.508. Lessee's Remedies

Section 2A.509. Lessee's Rights on Improper Delivery; Rightful Rejection

Section 2A.510. Installment Lease Contracts: Rejection and Default

Section 2A.511. Merchant Lessee's Duties as to Rightfully Rejected Goods

Section 2A.512. Lessee's Duties as to Rightfully Rejected Goods

Section 2A.513. Cure by Lessor of Improper Tender or Delivery; Replacement

Section 2A.514. Waiver of Lessee's Objections

Section 2A.515. Acceptance of Goods

Section 2A.516. Effect of Acceptance of Goods; Notice of Default; Burden of Establishing Default After Acceptance; Notice of Claim or Litigation to Person Answerable Over

Section 2A.517. Revocation of Acceptance of Goods

Section 2A.518. Cover; Substitute Goods

Section 2A.519. Lessee's Damages for Nondelivery, Repudiation, Default, and Breach of Warranty in Regard to Accepted Goods

Section 2A.520. Lessee's Incidental and Consequential Damages

Section 2A.521. Lessee's Right to Specific Performance, Replevin, and Other Remedies

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

Section 2A.523. Lessor's Remedies

Section 2A.524. Lessor's Right to Identify Goods to Lease Contract

Section 2A.525. Lessor's Right to Possession of Goods

Section 2A.526. Lessor's Stoppage of Delivery in Transit or Otherwise

Section 2A.527. Lessor's Rights to Dispose of Goods

Section 2A.528. Lessor's Damages for Nonacceptance, Failure to Pay, Repudiation, or Other Default

Section 2A.529. Lessor's Action for the Rent

Section 2A.530. Lessor's Incidental Damages

Section 2A.531. Standing to Sue Third Parties for Injury to Goods

Section 2A.532. Lessor's Rights to Residual Interest