12A:2A-302. Title to and possession of goods 12A:2A-302.  Title to and possession of goods.

  Except as otherwise provided in this chapter, each provision of this chapter applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent. 

L.1994,c.114,s.1.