"Lease agreement" defined
Sec. 4. As used in this chapter, "lease agreement" means a written
agreement entered into in Indiana for the transfer from a retail lessor
to a retail lessee of the right to possess and use a motor vehicle in
exchange for consideration for a scheduled term exceeding four (4)
months, whether or not the retail lessee has the option to purchase or
otherwise become the owner of the motor vehicle upon expiration of
the agreement. The term does not include an agreement that covers
an absolute sale, a sale pending approval, or a retail installment sale.
As added by P.L.86-1996, SEC.8.
Last modified: May 27, 2006