Terms Used In Indiana Code > Title 24 > Article 4 > Chapter 9.2 - Peer to Peer Vehicle Sharing

• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• delivery period: means a period during which a shared vehicle is delivered to a location identified in the shared vehicle agreement before the vehicle sharing start time. See Indiana Code 24-4-9.2-1
• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• motor vehicle insurance policy: means an insurance policy that provides:

  Indiana Code 24-4-9.2-2

• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means an individual, a corporation, a limited liability company, a partnership, or another legal entity. See Indiana Code 24-4-9.2-5
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• shared vehicle: means a vehicle that a shared vehicle owner has made available for P2P vehicle sharing with a shared vehicle driver through a P2P vehicle sharing program. See Indiana Code 24-4-9.2-6
• shared vehicle agreement: means a written contract:

  Indiana Code 24-4-9.2-11

• shared vehicle driver: means a person who:

  Indiana Code 24-4-9.2-7

• shared vehicle owner: means an individual who makes a shared vehicle available for P2P vehicle sharing with a shared vehicle driver through a P2P vehicle sharing program. See Indiana Code 24-4-9.2-8
• start time: means the time, as identified in the shared vehicle agreement, when the shared vehicle driver is authorized to use a shared vehicle. See Indiana Code 24-4-9.2-9
• termination time: means the earliest of the following events:

  Indiana Code 24-4-9.2-10

• vehicle sharing period: means a period beginning with:

  Indiana Code 24-4-9.2-12