Indiana Statutes
§ 24-13-1-3 — "Commercially reasonable terms"
Indiana § 24-13-1-3
This text of Indiana § 24-13-1-3 ("Commercially reasonable terms") 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 § 24-13-1-3 (2026).
Text
"Commercially reasonable terms" means the
repurchase of current and marketable inventory within twelve (12)
months after the date of purchase at not less than ninety percent (90%)
of the original net cost, less appropriate set-offs and legal claims, if
any.
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Legislative History
As added by P.L.105-2017, SEC.3.
Nearby Sections
15
§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offenseCite This Page — Counsel Stack
Bluebook (online)
Indiana § 24-13-1-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/24-13-1-3.