Idaho Code § 49-512A
This is the official text of Idaho Code § 49-512A, part of Idaho’s Code — part of the compiled statutory law of Idaho, published by the state as "Code." Browse the sections below, each linked to its official government source.
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49-512A EFFECT OF A TERMINAL RENTAL ADJUSTMENT CLAUSE.
Official statutory text
49-512A. Effect of a terminal rental adjustment clause. 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.
History:
[49-512A, added 2004, ch. 247, sec. 1, p. 713.]
History:
[49-512A, added 2004, ch. 247, sec. 1, p. 713.]
Status: in_force · Read it on the official government site
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