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 when:
(a. The lease contract is made if the lease contract is for a lease of goods that are existing and identified;
(b. 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. The young are conceived, if the lease contract is for a lease of unborn young of animals.
History
1991, c. 536.
