One Click Case Law for § 40-3-60
O.C.G.A. § 40-3-6 <-- --> O.C.G.A. §40-3-61

2010 Georgia Code

TITLE 40 - MOTOR VEHICLES AND TRAFFIC

CHAPTER 3 - CERTIFICATES OF TITLE, SECURITY INTERESTS, AND LIENS
ARTICLE 3 - SECURITY INTERESTS IN AND LIENS ON MOTOR VEHICLES
§ 40-3-60 - Security interest not created by provision for adjustment of rental price

O.C.G.A. 40-3-60 (2010)
40-3-60. Security interest not created by provision for adjustment of rental price


Notwithstanding any other provision of law, in the case of a motor vehicle or trailer, a transaction does not create a sales or security interest merely because it provides that the rental price is permitted or required to be adjusted under the agreement either upward or downward by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.