The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
003
:
SECURITY INTERESTS
(Cite as: 23 V.S.A. § 2048)
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§ 2048. Terminal rental adjustment clauses; vehicle leases that are not sales or security
interests
In the case of motor vehicles or trailers, notwithstanding any other provision 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. (Added 1993, No. 27, § 6.)