GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

625 ILCS 5/3-201.1: Terminal rent adjustment clause leases.

Read at publisher ↗
Where this section sits in the code
  1. CHAPTER 625 VEHICLES
  2. Illinois Vehicle Code.

In the case of motor vehicles or trailers, a transaction does not create a sale or a 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.

Collected 2026-09-15T04:46:40Z. Source file · JSON

Browse this collection