§ 6-44-7 - Exempted transactions.
SECTION 6-44-7
§ 6-44-7 Exempted transactions. – This chapter does not apply to:
(1) Agreements for the rental of property in which the personwho rents the property has no legal right to become the owner of the propertyat the end of the rental period;
(2) A lease of a safe deposit box;
(3) Commercial leases or leases entered into by anorganization;
(4) Any telecommunication equipment leases or rentalagreements; or
(5) Any automobile, truck, or any other vehicular andautomotive equipment leases or rental agreement.