GEORGIA CODE (Last Updated: August 20, 2013) |
Title 11. COMMERCIAL CODE |
Article 2A. LEASES |
Part 2. FORMATION AND CONSTRUCTION OF LEASE CONTRACT |
Section 11-2A-217. Identification.
Latest version.
- 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:
(a) When the lease contract is made if the lease contract is for a lease of goods that are existing and identified;
(b) 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
(c) When the young are conceived, if the lease contract is for a lease of unborn young of animals.
Code 1981, § 11-2A-217, enacted by Ga. L. 1993, p. 633, § 1.