HRS §490:2A-217
How Goods Are Identified in a Lease Agreement
This section explains when goods become officially linked to a lease contract. If the parties agree on a way to identify the goods, that agreement controls. If not, the law sets specific times for identification, depending on whether the goods already exist, are future goods, or are unborn animals.
landlordstenants
The statute, as written — Identification
Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs: (1) When the lease contract is made if the lease contract is for a lease of goods that are existing and identified; (2) When the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or (3) When the young are conceived, if the lease contract is for a lease of unborn young of animals.
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