Delaware § 7602 - Inapplicability of other laws; exempted transactions.
Full text of Delaware Delaware Code § 7602 — Inapplicability of other laws; exempted transactions., with citation guidance and answers to common questions.
§ 7602. Inapplicability of other laws; exempted transactions.
(a) Lease-purchase agreements which comply with this chapter are not governed by the laws relating to:
(1) A “retail installment contract” or “contract” as defined in § 4301(9) of this title.
(2) A “security interest” as defined in § 1-201(35) of this title.
(b) This chapter does not apply to the following:
(1) Lease-purchase agreements primarily for business, commercial or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(2) A lease of safe deposit box;
(3) A lease or bailment of personal property along with the lease of real property;
(4) A lease of an automobile; or
(5) The lease of real property and/or the fixed improvements thereon.
68 Del. Laws, c. 59, § 1;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 7602
What does Delaware Code § 7602 cover?
Section 7602 ("Inapplicability of other laws; exempted transactions.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 7602?
A common citation format is "Delaware Code § 7602" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 7602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.