Indiana Statutes
§ 15-15-5-13 — Counterclaims or defenses; notice
(a)As a condition precedent to asserting a
counterclaim or a defense in an action brought by a seller against a
buyer, the counterclaim or defense must be submitted to arbitration.
(b)Upon the buyer's filing of a written notice of intention to assert
a claim as a counterclaim or defense, accompanied by a copy of the
buyer's complaint in arbitration filed under section 18 of this chapter,
the action brought by the seller shall be stayed and any applicable
statute of limitations is tolled with respect to the claim until twenty (20)
days after filing of the report of arbitration with the commissioner.
[Pre-2008 Recodification Citation: 15-4-11-10.]
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Legislative History
As added by P.L.2-2008, SEC.6.
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References to repealed statutes§ 15-10-1-7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"