Wis. Stat. § 342.03
Motor vehicle, trailer or semitrailer leases
Redline — January 1, 2003 → current.View current text →
Current — January 1, 2009
As of January 1, 2003
Notwithstanding s. 401.201 (37) or ch. 409 , a transaction involving a motor vehicle, trailer or semitrailer does not create a conditional sale or a security interest merely because it includes a provision that permits or requires the rental price to be adjusted under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer or semitrailer.
Notwithstanding s. 401.201 (2) (t) or ch. 409 , a transaction involving a motor vehicle, trailer or semitrailer does not create a conditional sale or a security interest merely because it includes a provision that permits or requires the rental price to be adjusted under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer or semitrailer.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.