N.D. Cent. Code § 39-05-17.3
39-05-17.3. Vehicle leases that are not sales or security interests
39-05-17.3. Vehicle leases that are not sales or security interests
Notwithstanding any other provision of law, a transaction regarding motor vehicles or trailers
does not create a sale or security interest merely because an agreement provides that the rental
price may be adjusted by reference to the amount realized upon sale or other disposition of the
motor vehicle or trailer.