§12A-2A-102. Scope.
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/ok/title-12a-uniform-commercial-code/12a-2a-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
SCOPE
(1)This article applies to any transaction, regardless of form, that creates a lease and, in the case of a hybrid lease, it applies to the extent provided in paragraph
(2)of this section.
(2)In a hybrid lease:
(a)if the lease-of-goods aspects do not predominate:
(i)only the provisions of this article which relate
primarily to the lease-of-goods aspects of the
transaction apply, and the provisions that relate
primarily to the transaction as a whole do not
apply;
(ii)Section 2A-209 of this title applies if the lease
is a finance lease; and
(iii)Section 2A-407 of this title applies to the
promises of the lessee in a finance lease to the
extent the promises are consideration for the
right to possession and use of the leased goods;
and
(b)if the lease-of-goods aspects predominate, this
article applies to the transaction, but does not
preclude application, in appropriate circumstances, of
other law to aspects of the lease which do not relate
to the lease of goods. Added by Laws 1988, c. 86, § 2, eff. Nov. 1, 1988. Amended by Laws 2024, c. 13, § 12, eff. Nov. 1, 2024.