Title 40, Chapter 3, Section 60
( 40-3-60)
Notwithstanding any other provision of law, in the case of a motor
vehicle or trailer, a transaction does not create a sales 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. |