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.
(July 2, 1940, ch. 527, § 15a; as added Mar. 17, 1993, D.C. Law 9-205, § 2, 40 DCR 10.)
1981 Ed., § 40-1017.
Structure District of Columbia Code
Title 50 - Motor and Non-Motor Vehicles and Traffic
Chapter 12 - Liens on Motor Vehicles or Trailers
§ 50–1202. Lien to appear on certificate of title; effect of other liens
§ 50–1203. Entry of lien — Priority
§ 50–1204. Entry of lien — Form and requirements of instrument creating lien; when lien not entered
§ 50–1205. Liens to be kept by Recorder in Director’s office. [Repealed]
§ 50–1207. Entry of lien on previously issued certificate
§ 50–1210. Satisfaction of liens — Possession of certificate
§ 50–1211. Satisfaction of liens — Duties of Recorder; procedure when certificate lost
§ 50–1213. Fee for releasing liens
§ 50–1214. Place and method of recordation. [Repealed]
§ 50–1215. False statements as to liens; violations of law chapter
§ 50–1218. Electronic creation, recordation, and transfer of liens