Sec. 160. "Salvage vehicle" means any of the following:
(1) A vehicle that meets at least one (1) of the criteria set forth in IC 9-22-3-3.
(2) A vehicle, ownership of which is evidenced by a salvage title or by another ownership document of similar qualification and limitation issued by a state or jurisdiction other than the state of Indiana, and recognized by and acceptable to the bureau of motor vehicles.