10-1-39. Additional definitions.

As used in Code Sections 10-1-40 through 10-1-42, the term:

“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.#

“Lessee” means a person who obtains possession and use of a motor vehicle through a motor vehicle lease contract.#

“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.#

“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.#

“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.#

“Sublease” means:#

1. (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#

2. (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.#