§ 46.2-640.1. Vehicle leases that are not sales or security interests
Notwithstanding any other provision of law, in the case of motor vehicles, trailers or semi-trailers, 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.
(1991, c. 536.)
Sections: Previous 46.2-634 46.2-635 46.2-636 46.2-637 46.2-638 46.2-639 46.2-640 46.2-640.1 46.2-641 46.2-642 46.2-643 46.2-644 46.2-644.1 46.2-644.2 46.2-644.3 NextLast modified: April 3, 2009