Indiana Code 24-5-13.5-5. “Dealer”
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Terms Used In Indiana Code 24-5-13.5-5
- 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
- Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 5. As used in this chapter, “dealer” means a person engaged in the business of buying, selling, leasing, or exchanging motor vehicles. A person is a “dealer” under this section if the person sells, leases, or advertises the sale or lease of more than four (4) motor vehicles within a twelve (12) month period.
As added by P.L.65-1992, SEC.3.