Rhode Island General Laws 6-44-7. Exempted transactions
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This chapter does not apply to:
(1) Agreements for the rental of property in which the person who rents the property has no legal right to become the owner of the property at the end of the rental period;
(2) A lease of a safe deposit box;
(3) Commercial leases or leases entered into by an organization;
(4) Any telecommunication equipment leases or rental agreements; or
(5) Any automobile, truck, or any other vehicular and automotive equipment leases or rental agreement.
History of Section.
P.L. 1989, ch. 481, § 1.
Terms Used In Rhode Island General Laws 6-44-7
- Agreement: means a written contractual agreement between the merchant and the third-party delivery service. See Rhode Island General Laws 6-58-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6