HRS §481M-3
Which lease-purchase agreements are exempt from other laws
This section says that lease-purchase agreements are not covered by certain other state laws. It also lists specific types of agreements that are not covered by this chapter, like business leases, safe deposit boxes, and motor vehicle leases.
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The statute, as written — Agreements exempt from other laws
(a) Lease-purchase agreements are not subject to: (1) Chapter 476; and (2) Article 2A or 9 of chapter 490. (b) This chapter does not apply to the following: (1) Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations; (2) A lease of a safe deposit box; (3) A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the lessee has no option to purchase the leased property; or (4) A lease of a motor vehicle.
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