2005 Minnesota Statutes - 222.16 — Lease; conditional sale.

     222.16 Lease; conditional sale.  


    In any contract for the leasing of railroad equipment or 
 rolling stock, the parties may stipulate for a conditional sale 
 thereof at the termination of such lease, that the rentals, as 
 paid or when paid in full, may be treated and applied as 
 purchase money, and that the title to such property shall not 
 vest in the lessee or vendee until the purchase money shall have 
 been fully paid, subject to the proviso in section 222.15.  


    HIST: (7515) RL s 2904