Legislation
SECTION 348
Transactions subject to article by agreement
Personal Property (PEP) CHAPTER 41, ARTICLE 9-A
§ 348. Transactions subject to article by agreement. Parties to a
motor vehicle lease agreement that is not a retail lease agreement, as
defined in subdivision five of section three hundred thirty-one of this
article, because the vehicle is not being leased by a natural person
primarily for personal, family or household use may agree in a writing
signed by them that the agreement is subject to this article. If the
parties so agree, the agreement is a retail lease agreement for the
purposes of this article.
motor vehicle lease agreement that is not a retail lease agreement, as
defined in subdivision five of section three hundred thirty-one of this
article, because the vehicle is not being leased by a natural person
primarily for personal, family or household use may agree in a writing
signed by them that the agreement is subject to this article. If the
parties so agree, the agreement is a retail lease agreement for the
purposes of this article.