Texas Transportation Code
§ 501.112 — SALE OR SECURITY INTEREST NOT CREATED BY CERTAIN VEHICLE LEASES
TN § 501.112Title 7. VEHICLES AND TRAFFIC · Part A. CERTIFICATES OF TITLE AND REGISTRATION OF VEHICLES · Ch. 501. CERTIFICATE OF TITLE ACT · Art. F. SECURITY INTERESTS
Statute text
View on sourceNotwithstanding any other law, an agreement for the lease of a motor vehicle does not create a sale or security interest by merely providing that the rental price is permitted or required to be adjusted under the agreement as determined by the amount realized on the sale or other disposition of the vehicle.
Legislative history
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.