Title 11, Chapter 2A, Section 217
( 11-2A-217)
Identification. Identification of goods as goods to which a lease contract refers
may be made at any time and in any manner explicitly agreed to by
the parties. In the absence of explicit agreement, identification
occurs: (a) When the lease contract is made if the lease contract is for a
lease of goods that are existing and identified; (b) When the goods are shipped, marked, or otherwise designated by
the lessor as goods to which the lease contract refers, if the
lease contract is for a lease of goods that are not existing and
identified; or (c) When the young are conceived, if the lease contract is for a
lease of unborn young of animals. |