Sec. 1. (a) Except as provided in subsections (b) through (d), this chapter applies to an item delivered to a retail merchant after June 30, 2009. (b) This chapter does not apply to an item that has a value less than fifty dollars ($50). (c) This chapter does not apply to an item offered at […]
Sec. 1. (a) Except as provided in subsections (b) through (d), this chapter applies to an item delivered to a retail merchant after June 30, 2009. (b) This chapter does not apply to an item that has a value less than fifty dollars ($50). (c) This chapter does not apply to an item offered at […]
Sec. 10. Trust property under section 8 or 9 of this chapter is not subject to a claim, lien, or security interest of a creditor of the retail merchant. As added by P.L.85-2009, SEC.2. Amended by P.L.1-2010, SEC.96.
Sec. 10. Trust property under section 8 or 9 of this chapter is not subject to a claim, lien, or security interest of a creditor of the retail merchant. As added by P.L.85-2009, SEC.2. Amended by P.L.1-2010, SEC.96.
Sec. 11. (a) A retail merchant may accept an item for commission on consignment from a person only if, not later than seven (7) days after accepting the item, the retail merchant enters into a written contract with the person that specifies the following: (1) The value of the item. (2) The time within which […]
Sec. 11. (a) A retail merchant may accept an item for commission on consignment from a person only if, not later than seven (7) days after accepting the item, the retail merchant enters into a written contract with the person that specifies the following: (1) The value of the item. (2) The time within which […]
Sec. 2. As used in this chapter, “bona fide purchaser” means a person who in good faith makes a purchase without notice of any outstanding rights of others. As added by P.L.85-2009, SEC.2.
Sec. 2. As used in this chapter, “bona fide purchaser” means a person who in good faith makes a purchase without notice of any outstanding rights of others. As added by P.L.85-2009, SEC.2.
Sec. 3. As used in this chapter, “claim” means a right to payment, whether or not the right is reduced to judgment, liquidated, fixed, matured, disputed, secured, legal, or equitable. The term includes costs of collection and attorney’s fees only to the extent that the laws of Indiana permit the holder of the claim to […]
Sec. 3. As used in this chapter, “claim” means a right to payment, whether or not the right is reduced to judgment, liquidated, fixed, matured, disputed, secured, legal, or equitable. The term includes costs of collection and attorney’s fees only to the extent that the laws of Indiana permit the holder of the claim to […]
Sec. 4. As used in this chapter, “commission” means the fee that a consignor and a retail merchant have agreed that the retail merchant may retain after the sale of the consignor’s item to a third party. The term includes any form of compensation, including a percentage of the actual selling price of an item. […]
Sec. 4. As used in this chapter, “commission” means the fee that a consignor and a retail merchant have agreed that the retail merchant may retain after the sale of the consignor’s item to a third party. The term includes any form of compensation, including a percentage of the actual selling price of an item. […]
Sec. 5. As used in this chapter, “creditor” means a person who has a claim. As added by P.L.85-2009, SEC.2.
Sec. 5. As used in this chapter, “creditor” means a person who has a claim. As added by P.L.85-2009, SEC.2.
Sec. 6. As used in this chapter, “on consignment” means that no: (1) title to; (2) estate in; or (3) right to possession of; an item superior to that of the consignor vests in the consignee, even if the consignee has the authority to transfer the consignor’s right, title, and interest in the work of […]
Sec. 6. As used in this chapter, “on consignment” means that no: (1) title to; (2) estate in; or (3) right to possession of; an item superior to that of the consignor vests in the consignee, even if the consignee has the authority to transfer the consignor’s right, title, and interest in the work of […]
Sec. 7. As used in this chapter, “retail merchant” means a retail merchant making a retail transaction as described in IC 6-2.5-4-1. As added by P.L.85-2009, SEC.2.
Sec. 7. As used in this chapter, “retail merchant” means a retail merchant making a retail transaction as described in IC 6-2.5-4-1. As added by P.L.85-2009, SEC.2.
Sec. 8. (a) When a person delivers an item to a retail merchant for the purpose of: (1) sale; (2) exhibition; or (3) sale and exhibition; for a commission, the delivery to and acceptance of the item by the retail merchant places the item on consignment, unless the delivery is under an outright sale for […]
Sec. 8. (a) When a person delivers an item to a retail merchant for the purpose of: (1) sale; (2) exhibition; or (3) sale and exhibition; for a commission, the delivery to and acceptance of the item by the retail merchant places the item on consignment, unless the delivery is under an outright sale for […]
