Indiana § 15-12-3-12 Repurchase price; packaging

Indiana Statutes

§ 15-12-3-12 — Repurchase price; packaging

Indiana § 15-12-3-12

Art. 12AGRICULTURAL ASSISTANCE

Ch. 3Repurchase of Farm or Industrial Machinery Inventory

This text of Indiana § 15-12-3-12 (Repurchase price; packaging) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 15-12-3-12 (2026).

Text

(a)The price for a repurchase under this chapter must equal the sum of:

(1)one hundred percent (100%) of the net cost of all new, unsold, undamaged, and complete farm or industrial machinery (except repair parts); plus

(2)one hundred percent (100%) of the current net price of all new, unused, and undamaged repair parts.

(b)Except as provided in subsection (c), a wholesaler, manufacturer, or distributor that is required to repurchase farm or industrial machinery from a retailer under this chapter shall pay freight charges incurred in shipping the farm or industrial machinery (except repair parts) back to the wholesaler, manufacturer, or distributor.

(c)A retailer shall pay freight charges incurred in shipping repair parts that are repurchased under this chapter back to the wholesaler,

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(a) The price for a repurchase under this
chapter must equal the sum of:
(1) one hundred percent (100%) of the net cost of all new, unsold,
undamaged, and complete farm or industrial machinery (except
repair parts); plus
(2) one hundred percent (100%) of the current net price of all
new, unused, and undamaged repair parts.
(b) Except as provided in subsection (c), a wholesaler,
manufacturer, or distributor that is required to repurchase farm or
industrial machinery from a retailer under this chapter shall pay freight
charges incurred in shipping the farm or industrial machinery (except
repair parts) back to the wholesaler, manufacturer, or distributor.
(c) A retailer shall pay freight charges incurred in shipping repair
parts that are repurchased under this chapter back to the wholesaler,
manufacturer, or distributor.
(d) A retailer is responsible for the packaging of all farm or
industrial machinery that is repurchased from the retailer under this
chapter in preparation for the shipment of the machinery back to the
wholesaler, manufacturer, or distributor.
[Pre-2008 Recodification Citation: 15-7-7-12.]