(b) The term includes an agreement, regardless of what the agreement is called, that satisfies the following:(1) The agreement is entered into after June 30, 2008.(2) The agreement provides for a rental period, explicitly or implicitly, regardless of the term of the rental period.(3) The agreement contains an option to purchase.[Pre-2002 Recodification Citation: 32-7-5-7.]As added by P.L.2-2002, SEC.16. Amended by P.L.62-2008, SEC.2.
Indiana Legal Code