§17A-4A-16 Vehicle leases which are not sales or security interests.

State Codes and Statutes

Statutes > West-virginia > 17a > 17a-4a-16

§17A-4A-16. Vehicle leases which 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 conditional 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.

State Codes and Statutes

Statutes > West-virginia > 17a > 17a-4a-16

§17A-4A-16. Vehicle leases which 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 conditional 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.

State Codes and Statutes

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State Codes and Statutes

Statutes > West-virginia > 17a > 17a-4a-16

§17A-4A-16. Vehicle leases which 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 conditional 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.

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

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