Section 177.07. Lease of motor vehicles.

 

(1)  No carrier authorized under ch. 194 , Stats. , may operate a leased power unit on the highways of Wisconsin without complying with the provisions of subs. (2) through (4) , except for power units owned by a lending institution and operated under a contract between the owner and the operating carrier for purchase of the vehicle.

(2)  The lease shall be in writing and shall include all of the following:

(a) Name of the lessor and individual or legal name of the lessee.

(b) Year, make and vehicle identification number of the motor vehicle as shown on the registration card issued for the vehicle.

(c) The date of the lease.

(d) The period of the lease.

(e) Any restrictions, including limitations as to area, cargo and operators.

(f) A statement that the lessee is fully responsible to the public, the shippers and the regulatory agencies having jurisdiction during the period of the lease.

(3)  A copy of the lease shall be carried in the power unit specified therein during the entire period of the lease or agreement and the lease or agreement shall be made available for inspection immediately upon the request of any law enforcement officer.

(4)  For the purpose of this section only, a carrier who subleases power units it has on lease shall be considered the owner of the leased equipment for the purpose of subleasing that equipment.

Cr., Register, November, 1997, No. 503 , eff. 12-1-97.