10-1-39
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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.