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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 1. As used in this act:
(a) “Lease contract” means a contract for the lease of a motor vehicle by a natural person for a term exceeding 30 days.
(b) “Lessee” means a natural person who leases a motor vehicle under a lease contract.
(c) “Lessor” means a natural person, partnership, corporation, association, or other legal entity that is engaged in the business of leasing, offering to lease, or arranging the lease of a motor vehicle under a lease contract.
(d) “Motor vehicle” means a vehicle, including passenger vans and minivans, that is self-propelled, that is capable of being operated on a highway or street in this state, and that is primarily intended for the transport of persons.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 445. Trade and Commerce § 445.991 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-445-trade-and-commerce/mi-comp-laws-445-991/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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