Sec. 13. (a) The actual or purported transfer or assignment, or the assisting, causing, or arranging of an actual or purported transfer or assignment, of a right or an interest in a vehicle under a lease contract, installment sales agreement, or security agreement by a person who is a party to the lease contract, installment sales agreement, or security agreement is not an act of unlawful subleasing of a motor vehicle and is not subject to prosecution.
(b) This section does not affect the enforceability of any provision of a lease contract, an installment sales agreement, a security agreement, or a direct loan agreement by a party to the agreement.
As added by P.L.80-1990, SEC.16.
Structure Indiana Code
Chapter 16. Unlawful Motor Vehicle Subleasing
24-5-16-2. "Direct Loan Agreement" Defined
24-5-16-3. "Installment Sale Agreement" Defined
24-5-16-4. "Lease Contract" Defined
24-5-16-6. "Purchaser" Defined
24-5-16-7. "Secured Party" Defined
24-5-16-8. "Security Agreement" Defined
24-5-16-9. "Security Interest" Defined
24-5-16-12. Unlawful Subleasing; Conditions
24-5-16-13. Transfer or Assignment of Right or Interest in Vehicle Under Lease Contract
24-5-16-16. Class a Misdemeanor
24-5-16-17. Additional Remedies or Penalties
24-5-16-18. Violation; Deceptive Act; Remedies and Penalties