Title 70A Chapter 2a Section 217
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Uniform Commercial Code | |
Uniform Commercial Code - Leases | |
Section 217 | Identification. |
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70A-2a-217. Identification.
Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs: (1) when the lease contract is made if the lease contract is for a lease of goods that are existing and identified; (2) when the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers if the lease contract is for a lease of goods that are not existing and identified; or (3) when the young are conceived if the lease contract is for a lease of unborn young of animals. Enacted by Chapter 197, 1990 General Session | |
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