Montana § 61-3-110 Contract Rental Price Adjustment -- Not Sale Or Security Interest

Montana Statutes

§ 61-3-110 — Contract Rental Price Adjustment -- Not Sale Or Security Interest

Montana·Title 61 MOTOR VEHICLES·Ch. 3 CERTIFICATES OF TITLE, REGISTRATION, AND TAXATION OF MOTOR VEHICLES·Part 1 General Provisions

61-3-110 . Contract rental price adjustment -- not sale or security interest. In the case of a motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile, a transaction does not create a sale or security interest solely because it permits or requires that the rental price be adjusted either upward or downward under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile. To the extent that a conflict exists, this section supersedes any other provision of law.

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

61-3-110 . Contract rental price adjustment -- not sale or security interest. In the case of a motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile, a transaction does not create a sale or security interest solely because it permits or requires that the rental price be adjusted either upward or downward under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile. To the extent that a conflict exists, this section supersedes any other provision of law.

Montana § 61-3-110 (Contract Rental Price Adjustment -- Not Sale Or Security Interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.