Legislation
- Title
- Commercial Leases - Force Majeure Clauses - Required
- Sponsored by
- Delegate Conaway
- Status
- In the House - Unfavorable Report by Environment and Transportation
- Analysis
- Fiscal and Policy Note
Synopsis
Requiring that a commercial lease contain a clause that allocates the risk of loss if performance under the lease is hindered, delayed, or prevented due to certain events; requiring a certain force majeure clause to include certain events; and applying the Act prospectively.
Committees
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): October 1, 2023
History
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Last Updated: 6/9/2023 2:51 PM