Ind. Code § 37-2-2-45.3
"Sale of goods"
Indiana · Indiana Code Title 37 — Consumer Lending · Status: effective
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- Citation
- Ind. Code § 37-2-2-45.3, "Sale of goods", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1689458
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Full text
Sec. 45.3. "Sale of goods" includes any agreement in the form of a bailment or lease of goods if the bailee or lessee agrees to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the goods involved and it is agreed that the bailee or lessee will become, or for no other or a nominal consideration has the option to become, the owner of the goods upon full compliance with the bailee's or the lessee's obligations under the agreement.