(a) The actual or purported transfer or assignment, or the assisting, causing, or arranging of an actual or purported transfer or assignment, of any right or interest in a motor vehicle or under a lease contract, conditional sale contract, or security agreement, by an individual who is a party to the lease contract, conditional sale contract, or security agreement is not an act of unlawful subleasing of a motor vehicle and is not subject to prosecution.

(b) This chapter shall not affect the enforceability of any provision of any lease contract, conditional sale contract, security agreement, or direct loan agreement by any party thereto.

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Terms Used In California Penal Code 572

  • Conditional sale contract: has the meaning set forth in subdivision (a) of §. See California Penal Code 574
  • Contract: A legal written agreement that becomes binding when signed.
  • Direct loan agreement: means an agreement between a lender and a purchaser whereby the lender has advanced funds pursuant to a loan secured by the motor vehicle which the purchaser has purchased. See California Penal Code 574
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • lease contract: includes a lease for business or commercial purposes. See California Penal Code 574
  • Motor vehicle: means any vehicle required to be registered under the Vehicle Code. See California Penal Code 574

(Added by Stats. 1987, Ch. 1072, Sec. 2.)

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