LESSOR’S RIGHTS TO RESIDUAL INTEREST.

  1. Law
  2. Idaho Code
  3. COMMERCIAL TRANSACTIONS
  4. UNIFORM COMMERCIAL CODE — LEASES
  5. DEFAULT
  6. LESSOR’S RIGHTS TO RESIDUAL INTEREST.

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28-12-532. LESSOR’S RIGHTS TO RESIDUAL INTEREST. In addition to any other recovery permitted in 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:

[28-12-532, added 1993, ch. 287, sec. 1, p. 1013.]


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