39-05-17.3. Vehicle leases that are not sales or security interests.
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/nd/title-39/chapter-39-05/39-05-17-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, a transaction regarding motor vehicles or trailers does not create a sale or security interest merely because an agreement provides that the rental price may be adjusted by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.