Indiana Statutes
§ 15-12-3-12 — Repurchase price; packaging
(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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Legislative History
As added by P.L.2-2008, SEC.3.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"