28-12-302 TITLE TO AND POSSESSION OF GOODS.
COMMERCIAL TRANSACTIONS
CHAPTER 12
UNIFORM COMMERCIAL CODE -- LEASES
PART 3.
EFFECT OF LEASE CONTRACT
28-12-302. Title to and possession of goods. Except as otherwise provided in this chapter, each provision of this chapter applies whether the lessor or a third party has title to the goods, and whether the lessor, the lessee, or a third party has possession of the goods, notwithstanding any statute or rule of law that possession or the absence of possession is fraudulent.