Section 36-1-10-8 - Joint leasing(a) If two (2) or more leasing agents propose to enter into a lease jointly, joint meetings of the leasing agents may be held. However, joint leasing must be approved by each leasing agent's fiscal body.(b) A lease executed by two (2) or more leasing agents as joint lessees must set out the amount of the total rental to be paid by each. A lessee has no right of occupancy or use of the transportation project or system until the total rental is paid as stipulated by the contract.Pre-Local Government Recodification Citation: 18-5-3.3-1 part.
As added by Acts1981 , P.L. 57, SEC.36. Amended by P.L. 37-1988, SEC.13; P.L. 343-1989 (ss), SEC.16.