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 reference to the amount realized upon sale or other disposition of the motor vehicle, semitrailer, or trailer.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
§ 47-2A-103. Definitions and Index of Definitions
§ 47-2A-104. Leases Subject to Other Law
§ 47-2A-105. Territorial Application of Chapter to Goods Covered by Certificate of Title
§ 47-2A-107. Waiver or Renunciation of Claim or Right After Default
§ 47-2A-109. Option to Accelerate at Will
§ 47-2A-110. Transactions Allowing Adjustment of Rental Price Upon Sale or Disposition