UNIFORM COMMERCIAL CODE — LEASES
FORMATION AND CONSTRUCTION OF LEASE CONTRACT
28-12-217. Identification. Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs:
(1) When the lease contract is made, if the lease contract is for a lease of goods that are existing and identified;
(2) When the goods are shipped, marked or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or
(3) When the young are conceived, if the lease contract is for a lease of unborn young of animals.
[28-12-217, added 1993, ch. 287, sec. 1, p. 988.]