District of Columbia Statutes
§ 50-1217 — Terminal rental adjustment clauses: vehicle leases that are not sales or security interests.
District of Columbia·Title 50 Motor and Non-Motor Vehicles and Traffic.·Ch. 12 Liens on Motor Vehicles or Trailers.
In the case of motor vehicles or trailers, notwithstanding any other provisions of law, a transaction does not create a sale or security interest merely because it 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 or trailer.
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District of Columbia § 50-1217 (Terminal rental adjustment clauses: vehicle leases that are not sales or security interests.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
July 2, 1940, ch. 527, § 15a; as added Mar. 17, 1993, D.C. Law 9-205, § 2, 40 DCR 10
Nearby Sections
15
§ 50-1001
Adopted.§ 50-1002
Annual report; rules.§ 50-101
Definitions.§ 50-103
Driver safety programs.§ 50-104
Penalty.§ 50-105
Rules.§ 50-110.01
Definitions.§ 50-110.03
Operation of a personal delivery device.§ 50-110.04
Reporting requirements.§ 50-110.05
Enforcement.§ 50-110.06
Transition.§ 50-110.07
Rules.§ 50-1101
Fee.