Alabama § 32-8-60.1 Security Interest Not Created Where Rental Price May Be Adjusted by Reference to Amount Realized Upon Sale

Alabama Statutes

§ 32-8-60.1 — Security Interest Not Created Where Rental Price May Be Adjusted by Reference to Amount Realized Upon Sale

Alabama § 32-8-60.1

Title 32Motor Vehicles and Traffic

Ch. 8Uniform Certificate of Title and Antitheft Act

Art. 3Security Interests

This text of Alabama § 32-8-60.1 (Security Interest Not Created Where Rental Price May Be Adjusted by Reference to Amount Realized Upon Sale) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 32-8-60.1 (2026).

Text

In the case of motor vehicles as defined in Section 32-8-2(10), notwithstanding any other provision of law, a transaction does not create a sale or security interest merely because the transaction provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle.

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In the case of motor vehicles as defined in Section 32-8-2(10), notwithstanding any other provision of law, a transaction does not create a sale or security interest merely because the transaction provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle.