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:
When the lease contract is made if the lease contract is for a lease of goods that areexisting and identified;
When the goods are shipped, marked, or otherwise designated by the lessor as goodsto which the lease contract refers, if the lease contract is for a lease of goods that are not existing and identified; or
When the young are conceived, if the lease contract is for a lease of unborn young ofanimals.
Source: L. 91: Entire article added, p. 286, § 1, effective July 1, 1992.