Current as of January 01, 2019 | Updated by FindLaw Staff
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In the case of motor vehicles as defined in Section 32-8-2(10), notwithstanding any other provision of law, a transaction does not create a sale or security interest merely because the transaction 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.
Cite this article: FindLaw.com - Alabama Code Title 32. Motor Vehicles and Traffic § 32-8-60.1 - last updated January 01, 2019 | https://codes.findlaw.com/al/title-32-motor-vehicles-and-traffic/al-code-sect-32-8-60-1/
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