Indiana Code 26-1-2.1-301. Enforceability of lease contract
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Terms Used In Indiana Code 26-1-2.1-301
- Contract: A legal written agreement that becomes binding when signed.
- 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
Sec. 301. Except as otherwise provided in IC 26-1-2.1, a lease contract is effective and enforceable according to its terms between the parties, against purchasers of the goods and against creditors of the parties.
As added by P.L.189-1991, SEC.3.