Sec. 14-167a. Vehicle lease with terminal rental adjustment clause; not sale or security interest.
Sec. 14-167a. Vehicle lease with terminal rental adjustment clause; not sale
or security interest. Notwithstanding any provision of the general statutes, in the case
of motor vehicles or trailers, 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.
(P.A. 96-162, S. 1.)