Go to Previous Versions
of
this Section
2025 Delaware Code
Title 21 - Motor Vehicles
Chapter 23. TITLE AND LIENS
Subchapter II. Liens
§ 2342. Terminal rental adjustment clauses.
Universal Citation:
21 DE Code § 2342 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 2342. Terminal rental adjustment clauses.
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.
70 Del. Laws, c. 433, § 1;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
