Legislation
SECTION 2-A-217
Identification
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2-A, PART 2
Section 2-A-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:
(1) when the lease contract is made if the lease contract is for a
lease of goods that are existing and identified;
(2) 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
(3) when the young are conceived, if the lease contract is for a lease
of unborn young of animals.
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:
(1) when the lease contract is made if the lease contract is for a
lease of goods that are existing and identified;
(2) 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
(3) when the young are conceived, if the lease contract is for a lease
of unborn young of animals.