Sec. 7. If a person has been issued a personalized license plate for use on a leased vehicle and:

(1) the person cancels the lease; or

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Terms Used In Indiana Code 9-18.5-2-7

  • 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
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) the lease expires during the registration year;

the person may transfer the license plate to another vehicle registered under IC 9-18 (before its expiration) or under IC 9-18.1-11.

[Pre-2016 Revision Citation: 9-18-15-8.]

As added by P.L.198-2016, SEC.327.