North Carolina § 25-2A-522 - Lessee's right to goods on lessor's insolvency.
Full text of North Carolina North Carolina General Statutes § 25-2A-522 — Lessee's right to goods on lessor's insolvency., with citation guidance and answers to common questions.
§ 25-2A-522. Lessee's right to goods on lessor's insolvency.
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 (G.S. 25-2A-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. A lessee acquires the right to recover goods identified to a lease contract only if they conform to the lease contract. History (1993, c. 463, s. 1.)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 25-2A-522
What does North Carolina General Statutes § 25-2A-522 cover?
Section 25-2A-522 ("Lessee's right to goods on lessor's insolvency.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 25-2A-522?
A common citation format is "North Carolina General Statutes § 25-2A-522" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 25-2A-522 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.