§ 2A-220. Effect of default on risk of loss
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 2A-220
§ 2A-220. Effect of default on risk of loss
(2) Whether or not risk of loss is to pass to the lessee, if the lessee as to conforming goods already identified to a lease contract repudiates or is otherwise in default under the lease contract, the lessor, or, in the case of a finance lease, the supplier, to the extent of any deficiency in his (or her) effective insurance coverage may treat the risk of loss as resting on the lessee for a commercially reasonable time.
Credits
Added by Acts 1994, c. 535, § 1, eff. Jan. 1, 1995.
MD Code, Commercial Law, § 2A-220, MD COML § 2A-220
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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