84-2a-110. Terminal rent adjustment clauses. (a) Notwithstanding any other provision of law, an agreement involving the leasing of a motor vehicle or trailer does not create a sale or security interest solely because the agreement provides for an increase or decrease adjustment in the rental price of the motor vehicle or trailer based upon the amount realized upon sale or other disposition of the motor vehicle or trailer following the termination of the lease.
(b) This section clarifies existing law and shall be given effect in all court cases brought on or after the effective date of this act.
(c) This section shall be part of and supplemental to the uniform commercial code-leases.
History: L. 1998, ch. 34, ยง 1; April 9.
Structure Kansas Statutes
Chapter 84 - Uniform Commercial Code
84-2a-103 Definitions and index of definitions.
84-2a-104 Leases subject to other law.
84-2a-105 Territorial application of article to goods covered by certificate of title.
84-2a-107 Waiver or renunciation of claim or right after default.
84-2a-109 Option to accelerate at will.
84-2a-110 Terminal rent adjustment clauses.
84-2a-202 Final written expression: parol or extrinsic evidence.
84-2a-204 Formation in general.
84-2a-206 Offer and acceptance in formation of lease contract.
84-2a-208 Modification, recission and waiver.
84-2a-209 Lessee under finance lease as beneficiary of supply contract.
84-2a-212 Implied warranty of merchantability.
84-2a-213 Implied warranty of fitness for particular purpose.
84-2a-214 Exclusion or modification of warranties.
84-2a-215 Cumulation and conflict of warranties express or implied.
84-2a-216 Third-party beneficiaries of express and implied warranties.
84-2a-218 Insurance and proceeds.
84-2a-220 Effect of default on risk of loss.
84-2a-221 Casualty to identified goods.
84-2a-301 Enforceability of lease contract.
84-2a-302 Title to and possession of goods.
84-2a-304 Subsequent lease of goods by lessor.
84-2a-305 Sale or sublease of goods by lessee.
84-2a-306 Priority of certain liens arising by operation of law.
84-2a-308 Special rights of creditors.
84-2a-309 Lessor's and lessee's rights when goods become fixtures.
84-2a-310 Lessor's and lessee's rights when goods become accessions.
84-2a-311 Priority subject to subordination.
84-2a-401 Insecurity: adequate assurance of performance.
84-2a-402 Anticipatory repudiation.
84-2a-403 Retraction of anticipatory repudiation.
84-2a-404 Substituted performance.
84-2a-405 Excused performance.
84-2a-406 Procedure on excused performance.
84-2a-407 Irrevocable promises: finance leases.
84-2a-502 Notice after default.
84-2a-503 Modification or impairment of rights and remedies.
84-2a-504 Liquidation of damages.
84-2a-506 Statute of limitations.
84-2a-507 Proof of market rent: time and place.
84-2a-509 Lessee's rights on improper delivery; rightful rejection.
84-2a-510 Installment lease contracts: rejection and default.
84-2a-511 Merchant lessee's duties as to rightfully rejected goods.
84-2a-512 Lessee's duties as to rightfully rejected goods.
84-2a-513 Cure by lessor of improper tender or delivery; replacement.
84-2a-514 Waiver of lessee's obligations.
84-2a-515 Acceptance of goods.
84-2a-517 Revocation of acceptance of goods.
84-2a-518 Cover; substitute goods.
84-2a-520 Lessee's incidental and consequential damages.
84-2a-521 Lessee's right to specific performance or replevin.
84-2a-522 Lessee's right to goods on lessor's insolvency.
84-2a-524 Lessor's right to identify goods to lease contract.
84-2a-525 Lessor's right to possession of goods.
84-2a-526 Lessor's stoppage of delivery in transit or otherwise.
84-2a-527 Lessor's rights to dispose of goods.
84-2a-528 Lessor's damages for non-acceptance, failure to pay, repudiation or other default.
84-2a-529 Lessor's action for the rent.
84-2a-530 Lessor's incidental damages.
84-2a-531 Standing to sue third parties for injury to goods.