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§ 55-2A-530 NMSA 1978

Lessor's incidental damages

Known as the Uniform Commercial Code

The act spans §§ 55–55 (591 sections).

1978 Comp., § 55-2A-530, enacted by Laws 1992, ch. 114, § 85.

Incidental damages to an aggrieved lessor include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the lessee's default, in connection with return or disposition of the goods, or otherwise resulting from the default.

UCC Official Comments © by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.

Uniform Statutory Source: — Section 2-710 [ 55-2-710 NMSA 1978].

Changes: — Revised to reflect leasing practices and terminology.

"Aggrieved party". Section 1-201(2) [ 55-1-201 NMSA 1978].

"Delivery". Section 1-201(14) [ 55-1-201 NMSA 1978].

"Goods". Section 2A-103(1)(h) [ 55-2A-103 NMSA 1978].

"Lessee". Section 2A-103(1)(n) [ 55-2A-103 NMSA 1978].

"Lessor". Section 2A-103(1)(p) [ 55-2A-103 NMSA 1978].

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.