2025 Session
Last amended: 1989 session
§ 336.2A-302 — Title to and Possession of Goods
Plain-Language Summary
This section makes the lease provisions of this article apply no matter who holds title to the goods (the lessor or a third party) and no matter who has possession (the lessor, the lessee, or a third party). It applies even where some other statute or legal rule would otherwise treat having possession, or not having possession, as a sign of fraud.
336.2A-302 TITLE TO AND POSSESSION OF GOODS.
Except as otherwise provided in this article, each provision of this article applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
History:
1989 c 232 art 1 s 2A-302
History: History: 1989 c 232 art 1 s 2A-302
Practical Notes
The rules of this article govern a lease regardless of who actually holds title to or possession of the goods, and a separation between ownership and possession does not by itself make the arrangement fraudulent.