§ 47-2A-101. Short Title
This chapter shall be known and may be cited as the Uniform Commercial Code—Leases.
§ 47-2A-102. Scope
This chapter applies to any transaction, regardless of form, that creates a lease.
§ 47-2A-103. Definitions and Index of Definitions
In this chapter unless the context otherwise requires: “Buyer in ordinary course of business” means a person who in good faith and without knowledge that the sale to him or her is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods buys in ordinary course […]
§ 47-2A-104. Leases Subject to Other Law
the certificate of title statutes in title 55; certificate of title statute of another jurisdiction (§ 47-2A-105); or consumer protection statute of this State, or final consumer protection decision of a court of this State existing on July 1, 1994.
§ 47-2A-105. Territorial Application of Chapter to Goods Covered by Certificate of Title
Subject to the provisions of §§ 47-2A-304(3) and 47-2A-305(3), with respect to goods covered by a certificate of title issued under a statute of this State or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law (including the conflict of laws rules) […]
§ 47-2A-106. Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum
If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction in which the lessee resides at the time the lease agreement becomes enforceable or within thirty (30) days thereafter or in which the goods are to be used, the choice is not enforceable. If the […]
§ 47-2A-107. Waiver or Renunciation of Claim or Right After Default
Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party.
§ 47-2A-108. Unconscionability
If the court as a matter of law finds a lease contract or any clause of a lease contract to have been unconscionable at the time it was made the court may refuse to enforce the lease contract, or it may enforce the remainder of the lease contract without the unconscionable clause, or it may […]
§ 47-2A-109. Option to Accelerate at Will
A term providing that one party or his or her successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he or she deems himself or herself insecure” or in words of similar import must be construed to mean that he or she has power to do […]
§ 47-2A-110. Transactions Allowing Adjustment of Rental Price Upon Sale or Disposition
In the case of motor vehicles, semitrailers, or trailers, as defined in title 55, chapter 1, notwithstanding any other provision 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 […]
§ 47-2A-111. Applicability of Chapter
This chapter shall apply to all leases entered into on or after July 1, 1994. For purposes of this section: Leases that are materially modified or amended in writing on or after July 1, 1994, shall be deemed to have been entered into as of the date of such amendment unless the amendment expressly states […]