Idaho § 49-512A EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE

Idaho Statutes

§ 49-512A — EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE

Idaho·Title 49 MOTOR VEHICLES·Ch. 5 VEHICLE TITLES

Notwithstanding any provision of law to the contrary, a transaction involving a motor vehicle or trailer 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 the sale or other disposition of the motor vehicle or trailer.

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Notwithstanding any provision of law to the contrary, a transaction involving a motor vehicle or trailer 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 the sale or other disposition of the motor vehicle or trailer.

Idaho § 49-512A (EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.