61-3-110. Contract rental price adjustment -- not sale or security interest. In the case of a motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile, a transaction does not create a sale or security interest solely because it permits or requires that the rental price be adjusted either upward or downward under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile. To the extent that a conflict exists, this section supersedes any other provision of law.
History: En. Sec. 1, Ch. 279, L. 2003; amd. Sec. 46, Ch. 542, L. 2005.
Structure Montana Code Annotated
Chapter 3. Certificates of Title, Registration, and Taxation of Motor Vehicles
61-3-101. Duties of department -- records
61-3-103. Filing of security interests -- perfection -- rights -- procedure -- fees
61-3-107. Identification number for trailers, campers, and other motor vehicles
61-3-109. Electronic title, lien filing, and registration
61-3-110. Contract rental price adjustment -- not sale or security interest
61-3-111. Motor vehicle division administrative fees
61-3-112. Motor vehicle division administration state special revenue account
61-3-113. and 61-3-114 reserved
61-3-116. Services that may be performed by authorized agent
61-3-117. Payment of fees by credit card or other commercially acceptable means
61-3-118. Motor vehicle electronic commerce operating account