Commercial Code

This division is known as the Uniform Commercial Code—Leases and may be cited by that name. This section says the division applies to transactions that create a lease, including hybrid leases, with special rules depending on whether the lease-of-goods aspects predominate. This section defines key terms used in the personal property leases division. A lease under this division is also subject to applicable title-registration laws and consumer law; if those laws conflict with this division, the other law controls. For certain goods with a certificate of title, the effect of compliance or noncompliance is governed by the issuing jurisdiction’s law until surrender of the certificate or four months after removal, and then until another jurisdiction issues a new certificate.