7 Pa. Stat. § 304
Current through Pa Acts 2024-53, 2024-56 through 2024-92
An institution may acquire and lease personal property pursuant to a binding arrangement for the leasing of such property to a customer upon terms requiring payment to the institution, during the minimum period of the lease, of rentals which in the aggregate will exceed the total expenditures by the institution for or in connection with the acquisition, ownership, maintenance and protection of the property.
7 P.S. § 304