§ 15-12-3-15 — Civil liability

Indiana § 15-12-3-15

• Jurisdiction: Indiana
• Art. 12: AGRICULTURAL ASSISTANCE
• Ch. 3: Repurchase of Farm or Industrial Machinery Inventory

Text

A wholesaler, manufacturer, or distributor
that fails or refuses to repurchase inventory as required under this
chapter within ninety (90) days after the termination of a contract is
liable in a civil action to the retailer for:
(1) one hundred percent (100%) of the current net price of repair
parts;
(2) one hundred percent (100%) of the net cost of all other
inventory;
(3) the retailer's reasonable attorney's fees;
(4) court costs; and
(5) interest on the amounts determined under subdivisions (1)
through (2), computed at a simple interest rate that is set by the
court at not less than six percent (6%) per year and not more than
ten percent (10%) per year, and beginning to accrue on the
sixty-first day after the termination of the contract.
[Pre-2008 Recodification Citation: 15-7-7-15.]

Legislative History

As added by P.L.2-2008, SEC.3.