Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 2-A. LEASES |
Part 2. FORMATION AND CONSTRUCTION OF LEASE CONTRACT |
Section 2-A-217. Identification
Latest version.
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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.