Receipts for Equipment. Receipts, specifically identifying the equipment to be leased and stating the date and time of day possession is transferred, shall be given as follows: (1) When possession of the equipment is taken by the authorized carrier, it shall give the owner of the equipment a receipt. The receipt identified in this section may be transmitted by mail, telegraph, or other similar means of communication. (2) When possession of the equipment by the authorized carrier ends, a re- ceipt shall be given in accordance with the terms of the lease agreement if the lease agreement requires a receipt. (3) Authorized representatives of the carrier and the owner may take posses- sion of leased equipment and give and receive the receipts required under this subsection.
Appears in 5 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
