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2016 Connecticut General Statutes
Title 14 - Motor Vehicles. Use of the Highway By Vehicles. Gasoline
Chapter 247 - Uniform Motor Vehicle Certificate of Title and Antitheft Act
Section 14-167a - Vehicle lease with terminal rental adjustment clause; not sale or security interest.
Universal Citation: CT Gen Stat § 14-167a (2016)
Notwithstanding any provision of the general statutes, in the case of motor vehicles or 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.
(P.A. 96-162, S. 1.)
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