Ala. Code § 7-2A-217

Current with legislation from 2024 effective through May 17, 2024.

Section 7-2A-217 - Identification

Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs:

(a) when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;

(b) when the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or

(c) when the young are conceived, if the lease contract is for a lease of unborn young of animals.

Ala. Code § 7-2A-217 (1975)

Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §217.