Title 10, Chapter 1, Section 39
( 10-1-39)
In addition to the definitions provided for in Code Section 10-1-31, as used in Code Sections 10-1-40 through 10-1-42, the term: (1) "Induce" means to cause a buyer of a motor vehicle under a
retail installment contract or a lessee of a motor vehicle under a
motor vehicle lease contract to sublease the subject motor vehicle
or to arrange for or cause such a buyer or lessee to be so
induced. (2) "Lessee" means a person who obtains possession and use of a
motor vehicle through a motor vehicle lease contract. (3) "Lessor" means any person who in the regular course of
business or as a part of regular business activity leases motor
vehicles under motor vehicle lease contracts or purchases motor
vehicle lease contracts or any sales finance company that
purchases motor vehicle lease contracts. (4) "Motor vehicle lease contract" means an agreement between a
lessor and a lessee whereby the lessee obtains the possession and
use of a motor vehicle for such period of time, for such purposes,
and for such consideration as set forth in the agreement. (5) "Subject motor vehicle" means the motor vehicle sold to a
buyer under a retail installment contract or the motor vehicle
obtained by a lessee under a motor vehicle lease contract. (6) "Sublease" means: (A) To transfer possession of a motor vehicle which is the
subject of a retail installment contract to a person who is not
a party to that contract or to transfer or assign any of the
buyer's rights or interests under the retail installment
contract to such a person, whether or not such transfer or
assignment is effective; or (B) To transfer possession of a motor vehicle which is the
subject of a motor vehicle lease contract to a person who is not
a party to that contract or to transfer or assign any of the
lessee's or lessor's rights or interests under the motor vehicle
lease contract to such a person, whether or not such transfer or
assignment is effective. |