§ 336.2A-217 — Identification
Plain-Language Summary
The identification of goods to a lease agreement follows Article 2's rules for sales. Goods are identified when the lease is made if they already exist and are designated, or later when they are designated, shipped, or marked by the lessor.
336.2A-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.
History:
1989 c 232 art 1 s 2A-217
History: History: 1989 c 232 art 1 s 2A-217