KRS 186A.191: Terminal rental adjustment clauses -- Vehicle leases that are not sales or
Where this section sits in the code
- KRS Chapter 186A
security interests.
Notwithstanding any other provision of law, a lease transaction does not create a sale or
security interest in a motor vehicle or trailer merely because the lease contains a terminal
rental adjustment clause that provides that the rental price is permitted or required to be
adjusted up or down by reference to the amount of money realized upon the sale or other
disposition of the motor vehicle or trailer.
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