Tex. Transportation Code § 501.112
This is the official text of Tex. Transportation Code § 501.112, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 501.112. SALE OR SECURITY INTEREST NOT CREATED BY CERTAIN VEHICLE LEASES.
Official statutory text
Notwithstanding any other law, an agreement for the lease of a motor vehicle does not create a sale or security interest by merely providing that the rental price is permitted or required to be adjusted under the agreement as determined by the amount realized on the sale or other disposition of the vehicle.
Status: in_force · Read it on the official government site
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