57A-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:

(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.

Source: SL 1989, ch 419, § 1.