The Masquerade: Federal Bankruptcy Decision Explores “True Leases” Vs. “Disguised Security Interests”

LexisNexis ( July 30, 2021, 10:02 AM EDT) -- Is a transaction purporting to be a lease actually a “true lease” or a “disguised security interest”? This is one of the quintessential questions governed by the Uniform Commercial Code (UCC). A recent bankruptcy decision from New Mexico explores the issue....