§ 12A-2A-217. Identification.  


Latest version.
  • IDENTIFICATION

    Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties.  In the absence of explicit agreement, identification occurs:

    (a)when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;

    (b)when the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or

    (c)when the young are conceived, if the lease contract is for a lease of unborn young of animals.

Added by Laws 1988, c. 86, § 26, eff. Nov. 1, 1988.