Alaska Statutes 45.12.532 – Lessor’s rights regarding residual interest
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 45.12.532
- goods: means all things that are movable at the time of identification to the lease contract, or are fixtures under Alaska Stat. See Alaska Statutes 45.12.103
- lessee: means a person who acquires the right to possession and use of goods under a lease. See Alaska Statutes 45.12.103
- lessor: means a person who transfers the right to possession and use of goods under a lease. See Alaska Statutes 45.12.103
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.