Tex. Transp. Code § 501.112 · Subchapter F. SECURITY INTERESTS
SALE OR SECURITY INTEREST NOT CREATED BY CERTAIN VEHICLE LEASES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding any other law, an agreement for the lease of a motor vehicle does not create a sale or security interest by merely providing that the rental price is permitted or required to be adjusted under the agreement as determined by the amount realized on the sale or other disposition of the vehicle.
Notes and commentary — not statutory text
History
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/TN/htm/TN.501.htm
- Text hash
- sha256 1ef135c8575b13f1a30910ce8d043b316d6eaead0b7276c7986112af7f55f3ee
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Transp. Code § 501.112. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.