UNIFORM COMMERCIAL CODE — LEASES
EFFECT OF LEASE CONTRACT
28-12-302. Title to and possession of goods. Except as otherwise provided in this chapter, each provision of this chapter applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.
[28-12-302, added 1993, ch. 287, sec. 1, p. 990.]