70A-2a-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.
Enacted by Chapter 197, 1990 General Session
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Last revised: Thursday, May 28, 2009