Delaware § 7602 Inapplicability of other laws; exempted transactions

Delaware Statutes

§ 7602 — Inapplicability of other laws; exempted transactions

Delaware § 7602

Title6

Ch. 76DELAWARE LEASE-PURCHASE AGREEMENT ACT

This text of Delaware § 7602 (Inapplicability of other laws; exempted transactions) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 7602 (2026).

Text

(a)Lease-purchase agreements which comply with this chapter are not governed by the laws relating to:

(1)A “retail installment contract” or “contract” as defined in § 4301(9) of this title.

(2)A “security interest” as defined in § 1-201(35) of this title.

(b)This chapter does not apply to the following:

(1)Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;

(2)A lease of safe deposit box;

(3)A lease or bailment of personal property along with the lease of real property;

(4)A lease of an automobile; or

(5)The lease of real property and/or the fixed improvements thereon.

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(a) Lease-purchase agreements which comply with this chapter are not governed by the laws relating to:

(1) A “retail installment contract” or “contract” as defined in § 4301(9) of this title.

(2) A “security interest” as defined in § 1-201(35) of this title.

(b) This chapter does not apply to the following:

(1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;

(2) A lease of safe deposit box;

(3) A lease or bailment of personal property along with the lease of real property;

(4) A lease of an automobile; or

(5) The lease of real property and/or the fixed improvements thereon.