New Jersey § 39:10-5
Full text of New Jersey New Jersey Statutes § 39:10-5, with citation guidance and answers to common questions.
§ 39:10-5.
a. Notwithstanding any other provision of law to the contrary, no agreement stating
that it is for the lease of a vehicle shall be deemed to create a conditional sale
of, or security interest in, the property which is the subject of the agreement merely
because the agreement contains a terminal rental adjustment clause. b. For purposes of this section: (1) “ terminal rental adjustment clause ” means a provision of an agreement which permits or requires the rental price to
be adjusted upward or downward by reference to the amount realized by the lessor upon
sale or other disposition of the vehicle. (2) “ vehicle ” means every device in, upon or by which a person or property is or may be transported
upon a highway, excepting devices moved by human power or used exclusively upon stationary
rails or tracks or motorized bicycles.
Frequently Asked Questions About New Jersey § 39:10-5
What does New Jersey Statutes § 39:10-5 cover?
Section 39:10-5 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 39:10-5?
A common citation format is "New Jersey Statutes § 39:10-5" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 39:10-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.