Section 217 – Identification.

70A-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:

• (1) when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;

• (2) 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

• (3) when the young are conceived if the lease contract is for a lease of unborn young of animals.

Enacted by Chapter 197, 1990 General Session