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.
Ind. Code § 9-17-5-4
Security interest not created by rental agreement
As added by P.L.123-1995, SEC.1
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.