D.C. Code § 50-1217
Terminal rental adjustment clauses: vehicle leases that are not sales or security interests.
Effective Mar 17, 1993July 2, 1940, ch. 527, § 15a; as added Mar. 17, 1993, D.C. Law 9-205, § 2, 40 DCR 10
In the case of motor vehicles or trailers, notwithstanding any other provisions 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 reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.
History
July 2, 1940, ch. 527, § 15a
as added Mar. 17, 1993, D.C. Law 9-205, § 2, 40 DCR 10
Prior Codifications
1981 Ed., § 40-1017.