Unlawful subleasing of motor vehicle; penalty.

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(a) The person transfers or assigns, purports to transfer or assign or knowingly assists in the transfer or assignment or purported transfer or assignment of any right or interest in the motor vehicle or under the lease contract or security agreement to a person who is not a party to the lease contract or security agreement;

(b) The motor vehicle is subject to a lease contract or security agreement that prohibits the transfer or assignment of any right or interest in the motor vehicle or any right under the lease contract or security agreement;

(c) The person is not a party to the lease contract or security agreement;

(d) The person does not obtain, prior to the transfer or assignment, written consent from the lessor or secured party as appropriate; and

(e) The person receives compensation or other consideration for the transfer or assignment.

(2) The offense described in this section, unlawful subleasing of a motor vehicle, is a Class A misdemeanor. [1993 c.464 §3]


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