Vermont § 2048 - Terminal rental adjustment clauses; vehicle leases that are
Full text of Vermont Vermont Statutes Online § 2048 — Terminal rental adjustment clauses; vehicle leases that are, with citation guidance and answers to common questions.
§ 2048. Terminal rental adjustment clauses; vehicle leases that are
- not sales or security interests In the case of motor vehicles or trailers, notwithstanding any other provision of law, a transaction does not create a sale 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. (Added 1993, No. 27, § 6.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 2048
What does Vermont Statutes Online § 2048 cover?
Section 2048 ("Terminal rental adjustment clauses; vehicle leases that are") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 2048?
A common citation format is "Vermont Statutes Online § 2048" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2048 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.