Wyoming Statutes
§ 31-2-802 — Terminal rental adjustment clause
Wyoming·Title 31 Motor Vehicles·Ch. 2 TITLE AND REGISTRATION·Art. 8 MOTOR VEHICLE SECURITY INTERESTS
(a)Notwithstanding any other provision of law, in the
case of a motor vehicle or trailer that is not leased, or used,
primarily for personal, family or household purposes, a
transaction does not create a sale or security interest merely
because the contract on which the transaction is based contains
a terminal rental adjustment clause.
(b)As used in this section, "terminal rental adjustment
clause" means a provision in a contract permitting or requiring
the rental price of a motor vehicle or trailer to be adjusted
either upward or downward by reference to the amount realized
upon sale or other disposition of the motor vehicle or trailer.
(c)Nothing in this section exempts a motor vehicle or
trailer from the payment of any fees or taxes required at the
time of titling or registering a ve
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Nearby Sections
15
§ 31-2-102
Exemptions§ 31-2-103
Contents of application; signature; vehicle
identification number; issuance of certificate§ 31-2-104
Transfer of ownership§ 31-2-106
Definitions§ 31-2-109
Disclosure requirements§ 31-2-110
Violations; penalties§ 31-2-112
Glider kit vehicle certificate of title§ 31-2-201
Registration required; timelines