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.
Tex. Transp. Code § 501.112
SALE OR SECURITY INTEREST NOT CREATED BY CERTAIN VEHICLE LEASES
Known as the Certificate of Title Act
The act spans §§ 501–501 (103 sections).
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.