Bill Summary for S 590 (2011-2012)

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Bill: TERMINAL RENTAL ADJUSTMENT CLAUSES.

Summary date: 

Jun 30 2011
S.L. 2011-223

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 590 (Public) Filed Wednesday, April 13, 2011
TO CLARIFY THAT TERMINAL RENTAL ADJUSTMENT CLAUSES DO NOT CREATE A SALE OR SECURITY INTEREST IN THE LEASED VEHICLE.
Intro. by Vaughan.

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Bill summary

AN ACT TO CLARIFY THAT TERMINAL RENTAL ADJUSTMENT CLAUSES DO NOT CREATE A SALE OR SECURITY INTEREST IN THE LEASED VEHICLE. Summarized in Daily Bulletin 4/13/11. Enacted June 23, 2011. Effective June 23, 2011.