Indiana Code 24-5-16.5-6. “Retail lessee”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 24-5-16.5-6
- 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
- retail lessor: means a person who regularly engages in the business of selling or leasing motor vehicles and who offers or arranges a lease agreement for a motor vehicle. See Indiana Code 24-5-16.5-7
- vehicle: has the meaning set forth in IC 9-13-2-196. See Indiana Code 24-5-16.5-8
Sec. 6. As used in this chapter, “retail lessee” means an individual who executes a lease agreement for a motor vehicle from a retail lessor primarily for personal, family, or household purposes.
As added by P.L.151-2015, SEC.80.