(810 ILCS 5/2A-522) (from Ch. 26, par. 2A-522)
Sec. 2A-522.
Lessee's right to goods on lessor's
insolvency.
(1) Subject to subsection (2) 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.
(2) A lessee acquires the right to recover goods
identified to a lease contract only if they conform to the lease
contract.
(Source: P.A. 87-493.)
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