Rhode Island General Laws 6A-2.1-532. Lessor’s rights to residual interest
Current as of: 2024 | Check for updates
|
Other versions
In addition to any other recovery permitted by this chapter or other law, the lessor may recover from the lessee an amount that will fully compensate the lessor for any loss of or damage to the lessor’s residual interest in the goods caused by the default of the lessee.
History of Section.
P.L. 1991, ch. 305, § 1.
Terms Used In Rhode Island General Laws 6A-2.1-532
- Goods: means all things that are movable at the time of identification to the lease contract, or are fixtures (§?6A-2. See Rhode Island General Laws 6A-2.1-103
- Lessee: means a person who acquires the right to possession and use of goods under a lease. See Rhode Island General Laws 6A-2.1-103
- Lessor: means a person who transfers the right to possession and use of goods under a lease. See Rhode Island General Laws 6A-2.1-103