Georgia § 40-3-60 - Security interest not created by provision for adjustment of rental price.
Full text of Georgia Official Code of Georgia Annotated § 40-3-60 — Security interest not created by provision for adjustment of rental price., with citation guidance and answers to common questions.
§ 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. (Code 1981, § 40-3-60 , enacted by Ga. L. 1995, p. 739, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 40-3-60
What does Official Code of Georgia Annotated § 40-3-60 cover?
Section 40-3-60 ("Security interest not created by provision for adjustment of rental price.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 40-3-60?
A common citation format is "Official Code of Georgia Annotated § 40-3-60" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 40-3-60 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.