§ 24-5-2-21 — Contracts to prevent competition

No manufacturer shall sell or contract to sell
specific goods which may become the subject-matter of a retail
installment sale in this state, whether patented or unpatented, to any
retail seller in this state on the condition or with an agreement or
understanding, express or implied, that the retail seller shall sell, assign
or transfer any retail installment contracts arising from the retail
installment sales of the goods, or any part thereof, only to a designated
licensee or class of licensees, when the effect of the condition,
agreement or understanding may be to lessen or eliminate competition,
or create, or tend to create, a monopoly in the licensee or class
designated. Any such condition, agreement or understanding with any
retail seller in this state is hereby declared to be against the public
policy of this state and to be unlawful and void.
Formerly: Acts 1935, c.231, s.21.