Michigan Compiled Laws § 440.2982 Additional Damages.


440.2982 Additional damages.

Sec. 2A532.

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.


History: Add. 1992, Act 101, Eff. Sept. 30, 1992


Section: Previous  440.2969  440.2970  440.2971  440.2972  440.2973  440.2974  440.2975  440.2976  440.2977  440.2978  440.2979  440.2980  440.2981  440.2982  

Last modified: October 10, 2016