15-12-3-1. Application of Chapter
Sec. 1. (a) This chapter applies to the following: (1) Contracts that may be terminated or altered at will. (2) Contracts formed or renewed after June 30, 1989. (b) This chapter may not be construed to impair the obligation of a contract in violation of Article 1, Section 24 of the Constitution of the State […]
15-12-3-17. Inspection of Inventory
Sec. 17. A retailer, wholesaler, manufacturer, or distributor may, in person or through a representative, inspect all inventory and certify its acceptability when it is packed for shipment to the wholesaler, manufacturer, or distributor for repurchase under this chapter. [Pre-2008 Recodification Citation: 15-7-7-17.] As added by P.L.2-2008, SEC.3.
15-12-3-2. “All Terrain Vehicle”
Sec. 2. As used in this chapter, “all terrain vehicle” has the meaning set forth in IC 14-8-2-5.7. [Pre-2008 Recodification Citation: 15-7-7-2.] As added by P.L.2-2008, SEC.3. Amended by P.L.86-2010, SEC.9.
15-12-3-3. “Current Net Price”
Sec. 3. As used in this chapter, “current net price” means: (1) the price listed by a wholesaler, manufacturer, or distributor of inventory in effect at the time a contract is terminated; minus (2) an applicable trade or cash discount. [Pre-2008 Recodification Citation: 15-7-7-3.] As added by P.L.2-2008, SEC.3.
15-12-3-4. “Farm or Industrial Machinery”
Sec. 4. (a) As used in this chapter, “farm or industrial machinery” means any of the following: (1) A farm implement. (2) A tractor. (3) Farm machinery. (4) Utility and industrial equipment. (5) Construction machinery, including a track and wheel tractor, a motor grader, and an excavator. (6) An attachment or repair part for a […]
15-12-3-5. “Inventory”
Sec. 5. As used in this chapter, “inventory” means farm or industrial machinery held by a retailer. [Pre-2008 Recodification Citation: 15-7-7-5.] As added by P.L.2-2008, SEC.3.
15-12-3-6. “Net Cost”
Sec. 6. As used in this chapter, “net cost” means: (1) the price a retailer paid to a wholesaler, manufacturer, or distributor for inventory; minus (2) any discounts, retainage, and prepaid freight or return freight. [Pre-2008 Recodification Citation: 15-7-7-6.] As added by P.L.2-2008, SEC.3.
15-12-3-7. “Person”
Sec. 7. As used in this chapter, “person” means an individual, a corporation, a limited liability company, a partnership, a trust, or an unincorporated association. [Pre-2008 Recodification Citation: 15-7-7-7.] As added by P.L.2-2008, SEC.3.
15-12-3-8. “Retailer”
Sec. 8. (a) As used in this chapter, “retailer” means a person engaged in the business of selling, at retail, farm or industrial machinery. (b) The term does not include a retail seller of: (1) petroleum products, if the sale of petroleum products is the primary purpose of the retail seller’s business; (2) motor vehicles […]
15-12-3-9. “Retainage”
Sec. 9. As used in this chapter, “retainage” refers to various purchase, invoice, and other discounts held by the supplier and due the retailer at a later time. [Pre-2008 Recodification Citation: 15-7-7-9.] As added by P.L.2-2008, SEC.3.