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 t

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.) (Return to Chapter Table of Contents) (Return to List of Chapters) (Return to List of Titles)