                                 CODE OF VIRGINIA

SCOPE (§ 8.2A-102)

1. This title applies to any transaction, regardless of form, that creates a
lease and, in the case of a hybrid lease, it applies to the extent provided in
subsection (2).

2. In a hybrid lease:

   a. if the lease-of-goods aspects do not predominate:

   i. only the provisions of this title that relate primarily to the
   lease-of-goods aspect of the transaction apply, and the provisions that relate
   primarily to the transaction as a whole do not apply;

      ii. &#xA7; 8.2A-209 applies if the lease is a financial lease; and

      iii. &#xA7; 8.2A-407 applies to the promises of the lessee in a finance
      lease to the extent the promises are consideration for the right to
      possession and use of the leased goods; and

   b. if the lease-of-goods aspects predominate, this title applies to the
   transaction, but does not preclude application in appropriate circumstances of
   other law to aspects of the lease that do not relate to the lease of goods.

HISTORY: 1991, c. 536; 2024, c. 652.