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2017 Indiana Code
TITLE 9. Motor Vehicles
ARTICLE 17. CERTIFICATES OF TITLE
CHAPTER 5. Liens
9-17-5-4. Security interest not created by rental agreement
Universal Citation: IN Code § 9-17-5-4 (2017)
IC 9-17-5-4 Security interest not created by rental agreement
Sec. 4. Notwithstanding any other law, a rental transaction agreement does not create a sale or security interest in a vehicle solely because the transaction agreement provides that the rental price may be adjusted upon the termination of the agreement based upon the amount received for the vehicle upon sale or other disposition.
As added by P.L.123-1995, SEC.1. Amended by P.L.198-2016, SEC.241.
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