Section 4-2.5-217 - IdentificationIdentification 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.L. 91: Entire article added, p. 286, § 1, effective 7/1/1992.