Del. Code tit. 21 § 2342

Current through 2024 Legislative Session Act Chapter 510

Section 2342 - Terminal rental adjustment clauses

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.

21 Del. C. § 2342

70 Del. Laws, c. 433, § 1.;