Arkansas § 4-2a-110 Terminal rental adjustment clauses for vehicle leases - Not sales or security interests

Arkansas Statutes

§ 4-2a-110 — Terminal rental adjustment clauses for vehicle leases - Not sales or security interests

Arkansas § 4-2a-110

Title4

This text of Arkansas § 4-2a-110 (Terminal rental adjustment clauses for vehicle leases - Not sales or security interests) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 4-2a-110 (2026).

Text

In the case of motor vehicles and trailers, notwithstanding any other provision of law, a leasing agreement involving a motor vehicle or trailer shall not create a sales transaction or a security interest in the vehicle merely because the lease contains provisions which provide that the rental price is permitted or required to be adjusted under the agreement either upward or downward based upon an amount which may be realized from a sale or other disposition of the vehicle after the end or termination of the lease period.

Free access — add to your briefcase to read the full text and ask questions with AI

In the case of motor vehicles and trailers, notwithstanding any other provision of law, a leasing agreement involving a motor vehicle or trailer shall not create a sales transaction or a security interest in the vehicle merely because the lease contains provisions which provide that the rental price is permitted or required to be adjusted under the agreement either upward or downward based upon an amount which may be realized from a sale or other disposition of the vehicle after the end or termination of the lease period.