Section 150.03. General lease requirements.

 

(1)  A lease agreement for the use of a motor vehicle by a private motor carrier shall:

(a) Be in writing and signed by both the lessor and the lessee, or their regular employes or agents duly authorized to act for them in the execution of contracts.

(b) Provide for the exclusive possession, control and use of the motor vehicle controlled by the lessee, and the complete assumption by the lessee of full responsibility to the public and all regulatory agencies having jurisdiction during the entire period of the lease agreement. This provision does not prohibit the lessor from obtaining possession of the motor vehicle for purposes of maintenance or repairs, or because of violations of the lease agreement.

(c) Specify the names and addresses of all parties to the lease agreement.

(d) Identify the year, make and vehicle identification number of the motor vehicle as shown on the registration card issued for the vehicle.

(e) Specify the time and date upon which the lease begins and ends or the circumstances under which the lease begins and ends.

(f) Be retained by the lessee and by the owner.

(2)  The lessee may prepare a written statement certifying all of the following:

(a) The motor vehicle is being operated by the lessee.

(b) The name of the owner of the vehicle.

(c) The specific description of the vehicle, including the year, make and vehicle identification number of the vehicle.

(d) The time and date upon which the lease begins and ends or the circumstances under which the lease begins and ends.

(3)  The certificate described in sub. (2) or a copy of the lease agreement shall be carried in the vehicle specified during the entire period of the lease and shall be made available for inspection upon the request of any law enforcement officer.

History: Cr. Register, December, 1994, No. 468 , eff. 1-2-95; reprinted to remove duplicative paragraph, Register, April, 1999, No. 520 .