(a) Except as otherwise provided in Subsection (b), a term in a lease agreement is
ineffective to the extent that it:
(1) prohibits, restricts, or requires the consent of a party to the lease to the assignment
or transfer of, or the creation, attachment, perfection, or enforcement of a security
interest in, an interest of a party under the lease contract or in the lessor's residual
interest in the goods; or
(2) provides that the assignment or transfer or the creation, attachment, perfection,
or enforcement of the security interest may give rise to a default, breach, right
of recoupment, claim, defense, termination, right of termination, or remedy under
(b) Except as otherwise provided in Section 2A.303(g), a term described in Subsection (a)(2) is effective to the extent that there is:
(1) a transfer by the lessee of the lessee's right of possession or use of the goods
in violation of the term; or
(2) a delegation of a material performance of either party to the lease contract in
violation of the term.
(c) The creation, attachment, perfection, or enforcement of a security interest in
the lessor's interest under the lease contract or the lessor's residual interest in
the goods is not a transfer that materially impairs the lessee's prospect of obtaining
return performance or materially changes the duty of or materially increases the burden
or risk imposed on the lessee within the purview of Section 2A.303(d) unless, and then only to the extent that, enforcement actually results in a delegation
of material performance of the lessor.
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