Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 2-A. LEASES |
Part 5. DEFAULT |
Section 2-A-532. Lessor's Rights to Residual Interest
Latest version.
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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.