Montana Code Annotated 2019

TITLE 61. MOTOR VEHICLES

CHAPTER 3. CERTIFICATES OF TITLE, REGISTRATION, AND TAXATION OF MOTOR VEHICLES

Part 1. General Provisions

Contract Rental Price Adjustment -- Not Sale Or Security Interest

61-3-110. Contract rental price adjustment -- not sale or security interest. In the case of a motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile, a transaction does not create a sale or security interest solely because it permits or requires that the rental price be adjusted either upward or downward under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer, semitrailer, pole trailer, camper, motorboat, personal watercraft, sailboat, or snowmobile. To the extent that a conflict exists, this section supersedes any other provision of law.

History: En. Sec. 1, Ch. 279, L. 2003; amd. Sec. 46, Ch. 542, L. 2005.