Indiana § 30-2-9-6 Liquidated damages

Indiana Statutes

§ 30-2-9-6 — Liquidated damages

Indiana·Art. 2 GENERAL PROVISIONS·Ch. 9 Prepaid Funeral Plans and Funeral Trust Funds

It shall be unlawful for any such agreement or
agreements to provide for forfeiture and retention of payments upon
any such agreement or series of agreements as and for liquidated
damages for default of the agreement or series of agreements in excess
of ten percent (10%) of the payments made or thirty-five dollars ($35),
whichever sum is larger.
Formerly: Acts 1963, c.303, s.6. As amended by P.L.136-2018,
SEC.222.

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It shall be unlawful for any such agreement or
agreements to provide for forfeiture and retention of payments upon
any such agreement or series of agreements as and for liquidated
damages for default of the agreement or series of agreements in excess
of ten percent (10%) of the payments made or thirty-five dollars ($35),
whichever sum is larger.
Formerly: Acts 1963, c.303, s.6. As amended by P.L.136-2018,
SEC.222.

Indiana § 30-2-9-6 (Liquidated damages) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.