Indiana § 15-12-3-15 Civil liability

Indiana Statutes

§ 15-12-3-15 — Civil liability

Indiana·Art. 12 AGRICULTURAL ASSISTANCE·Ch. 3 Repurchase of Farm or Industrial Machinery Inventory

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.]

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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.]

Indiana § 15-12-3-15 (Civil liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.