Rhode Island § 31-3.1-27 § 31-3.1-27. Vehicle leases that are not sales or security interests.

Rhode Island Statutes

§ 31-3.1-27 — § 31-3.1-27. Vehicle leases that are not sales or security interests.

Rhode Island § 31-3.1-27

Title 31Motor and Other vehicles

Ch. 31-3.1Certificates of Title and Security Interests

This text of Rhode Island § 31-3.1-27 (§ 31-3.1-27. Vehicle leases that are not sales or security interests.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 31-3.1-27 (2026).

Text

§ 31-3.1-27. Vehicle leases that are not sales or security interests.
In the case of motor vehicles or trailers, notwithstanding any other provision 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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§ 31-3.1-27. Vehicle leases that are not sales or security interests.

In the case of motor vehicles or trailers, notwithstanding any other provision 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.