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Terms Used In Indiana Code 27-1-15.9-7

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • portable electronics: means electronic devices that are portable in nature. See Indiana Code 27-1-15.9-5
   Sec. 7. As used in this chapter, “portable electronics transaction” means the sale or lease of portable electronics.

As added by P.L.4-2012, SEC.3.