2010 Michigan Compiled Laws
Chapter 445 - TRADE AND COMMERCE
Act 169 of 1990 - LEASE CONTRACTS FOR MOTOR VEHICLES (445.991 - 445.995)
Section 445.991 - Definitions.
LEASE CONTRACTS FOR MOTOR VEHICLES (EXCERPT)Act 169 of 1990
445.991 Definitions.
Sec. 1.
As used in this act:
(a) “Lease contract” means a contract for the lease of a motor vehicle by a natural person for a term exceeding 30 days.
(b) “Lessee” means a natural person who leases a motor vehicle under a lease contract.
(c) “Lessor” means a natural person, partnership, corporation, association, or other legal entity that is engaged in the business of leasing, offering to lease, or arranging the lease of a motor vehicle under a lease contract.
(d) “Motor vehicle” means a vehicle, including passenger vans and minivans, that is self-propelled, that is capable of being operated on a highway or street in this state, and that is primarily intended for the transport of persons.
History: 1990, Act 169, Eff. Jan. 1, 1991
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