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.
Added by Laws 1988, c. 86, § 26, eff. Nov. 1, 1988.
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