Washington Code 19.116.110 – Transfer or assignment of interest by persons with motor vehicles under lease contract or security agreement not subject to prosecution — Enforceability of contract or agreement not affected
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(1) The actual or purported transfer or assignment, or the assisting, causing, or arranging of an actual or purported transfer or assignment, of any right or interest in a motor vehicle or under a lease contract or security agreement, by an individual who is a party to the lease contract or security agreement is not an act of unlawful subleasing of or unlawful transfer of an ownership interest in a motor vehicle and is not subject to prosecution.
Terms Used In Washington Code 19.116.110
- Contract: A legal written agreement that becomes binding when signed.
- 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
(2) This chapter does not affect the enforceability of any provision of a lease contract or security agreement by a party thereto.
[ 1990 c 44 § 12.]