§ 10217 Lease Goods Identification Rules

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. (Amended by Stats. 1991, Ch. 111, Sec. 19. Effective July 15, 1991.)