Vermont Code § 23 V.S.A. § 2048

§ 2048. Terminal rental adjustment clauses; vehicle leases that are not sales or security
interests
In the case of motor vehicles or trailers, notwithstanding any other provision of
law, 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.

‹ Prev All Vermont sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.