Terminal rent adjustment clause

319.271

Terminal rent adjustment clause.

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In the case of motor vehicles or trailers, notwithstanding any other provision of law, a transaction does not create 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.

History.

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s. 8, ch. 90-278.