Code of Alabama - Title 7: Commercial Code - Section 7-2A-532 - Lessor's rights to residual interest

Section 7-2A-532 - Lessor's rights to residual interest.

In addition to any other recovery permitted by this article 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.

(Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §532.)

Last modified: May 3, 2021