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2018 District of Columbia Code
Title 50 - Motor and Non-Motor Vehicles and Traffic.
Chapter 12 - Liens on Motor Vehicles or Trailers.
§ 50–1217. Terminal rental adjustment clauses: vehicle leases that are not sales or security interests.
Universal Citation: DC Code § 50–1217 (2018)
In the case of motor vehicles or trailers, notwithstanding any other provisions 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.
(July 2, 1940, ch. 527, § 15a; as added Mar. 17, 1993, D.C. Law 9-205, § 2, 40 DCR 10.)
Prior Codifications1981 Ed., § 40-1017.
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