Lease-purchase agreements for personal property, see chapter 481M.
[PART 1. GENERAL PROVISIONS]
Terms Used In Hawaii Revised Statutes 490:2A-101
- Lease: means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. See Hawaii Revised Statutes 490:2A-103
- Purchase: includes taking by sale, lease, mortgage, security interest, pledge, gift, or any other voluntary transaction creating an interest in goods. See Hawaii Revised Statutes 490:2A-103
490:2A-101 Short title. This article shall be known and may be cited as the Uniform Commercial Code–Leases.